Fuel prices will decrease on Wednesday the department of energy has announced.
In a statement on Friday the department said the combined cumulative petrol and diesel slate balances at the end of May 2019 amounted to a negative balance of R469-million.
"In line with the provisions of the Self-Adjusting Slate Levy Mechanism, a Slate Levy of 4.38 c/l (decrease of 8.78 c/l) will have to be implemented into the price structures of petrol and diesel with effect from 03 July 2019," said the statement.
On that date the price of petrol 93 ULP will drop by 96 cents a litre, while 95 ULP will cost 95 cents less a litre. Diesel (0,05% sulphur) will decrease by 74.78 cents per litre and Diesel (0,005% sulphur) will cost 75.78 cents less per litre.
The price of Paraffin will be reduced by 57 cents per litre.