Fuel prices take a dive

  • 11 January, 2019

Motorists are smiling all the way to petrol filling stations after the Petroleum Fund smashed down the price of fuel by M1.30 today, Friday January 11.

A litre of petrol (grade 93) now costs M10.30 and diesel (grade 500) is M11.85 per litre while paraffin has also been reduced to M8. 30 per litre.

The new prices are likely to be welcomed by motorists who had endured gradual increases in the price of fuel over the past few months.

In a statement, the Petroleum Fund said the decrease in prices was due to a softening of crude oil prices on the international market.

Multitudes of South African motorists especially those who operate in cross border transportation are often spotted carrying 20 liters containers filled with fuel from Lesotho at Maputsoe boarder gate, because It’s cheaper compared to prices in South Africa.

When commending on the price difference, the African Christian Democratic Party (ACDP) leader Reverend Kenneth Meshoe called for fuel price to be capped at M13 a litre to ensure South Africans enjoy a truly better life.

Speaking recently at Church Square in Pretoria during the Freedom Movement's protest against the rising costs of fuel, Meshoe said it could not be that Lesotho, Botswana and Swaziland were paying less though they are supplied by South Africa.

“ACDP proposes that there must be a cap where petrol price does not go beyond that figure. If it goes according to my wish, R13 would be a cap. That petrol will never be beyond R13. If petrol is capped, South Africans will have a truly better life,” he said.

He said the main reason South Africa’s neighbours were paying less than South Africans for fuel was that governments in these countries cared for their people.

“They subsidise petrol but we have a government that does not care for its people. Therefore, as South Africans we must say if the government does not care for us, that government must be taken out,” he was quoted saying by Sowetan.

Arnold Schwarzenegger

“Strength does not come from winning. Your struggles develop your strengths. When you go through hardships and decide not to surrender, that is strength.” – Arnold Schwarzenegger