The average rand/dollar exchange rate for the period July 1 to 28 was 16.87 compared to 15.76 during the previous period. This led to a higher contribution to the basic fuel prices of petrol, diesel and illuminating paraffin by 95.66c/l, 103.68c/l and 105.12c/l respectively.
The decreases take place despite the reimposition of the full R1.50/l fuel levy. To ease the burden of high fuel prices increases on motorists, government introduced a two-month R1.50 reduction in the petrol and diesel levy in April and May, which was adjusted to 75c/l in June and July.
From Wednesday the retail price of 95 unleaded in Gauteng will be reduced to R25.42/l and 93 unleaded to R24.99/l. The wholesale price of high sulphur diesel will be R24.52 and low sulphur diesel R24.62.