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Compiled by the Government Communication and Information System Date: 01 Jun 2012 Title: Petrol price to decrease by 55 cents -------------------- Pretoria - The petrol price is to come down by 55 cents a litre, the Energy Department said on Friday. The price of 0.05% sulphur diesel and that of 0.005% sulphur diesel will decrease by 24.82 cents. The wholesale price of illuminating paraffin is set to go down by 21 cents and a litre of illuminating paraffin is set to decrease by 28 cents. There will also be a 99 cents per kilogram decrease in the maximum retail price for LPGAS. The prices will come into effect next Wednesday. A litre of petrol will now cost R11.67 while in the coast it will cost R11.32. At a New Age breakfast briefing on Thursday, Minister of Energy Dipuo Peters said the price of petrol would "definitely be going down" to loud applause. Economists had predicted a decrease in the petrol price because of lowered international crude oil prices. - BuaNews |
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