South African motorists are in for a treat as fuel prices are set to drop next week.
According to the latest daily fuel price data published by the Central Energy Fund (CEF), the price of 95-octane petrol is on track to decline by about 67c/l, while 93-octane petrol could fall by around 65c/l.
Wholesale diesel prices are also expected to ease, with 50ppm diesel projected to decrease by 65c/l and 500ppm diesel by approximately 57c/l.
Brent crude traded at approximately $64.67 per barrel on 13 January but increased to $69.50 per barrel.
The final decision will be confirmed by the Department of Mineral Resources and Energy (DMRE) on Wednesday, 4 February, when new prices take effect nationwide.
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