With the announcement that the country has slipped into a technical recession, it is not all doom and gloom for South Africans with the announcement that petrol prices are set to decrease.
The Mineral Resources and Energy Department has announced the adjustment of fuel prices, effective from midnight.
Oil prices have, in the last three months, slumped by 19%. The spread of the coronavirus has added to investor and traveller concerns pushing the demand of crude oil further down. All grades of petrol will decrease by 19 cents a litre, diesel will go down by 54 cents a litre, while paraffin decreases by 68 cents a litre and LP Gas by 32 cents a litre.
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