Overview
- The Department of Mineral Resources and Energy set petrol down by 51 cents per litre and diesel down by 19 to 21 cents per litre from midnight on Tuesday, 4 November.
- Official retail schedules show inland Petrol 93 at R20.97 and Petrol 95 at R21.12, with Diesel 0.05% at R19.13 for November.
- Coastal prices move to R20.18 for Petrol 93, R20.29 for Petrol 95, and R18.30 for Diesel 0.05%, reflecting the confirmed cuts.
- Central Energy Fund data recorded sustained over-recoveries through October, supported by Brent crude trading roughly $58 to $68 and easing toward about $61 to $65 late in the month.
- Economists welcome short-term relief for motorists but caution that global market volatility could shift the outlook for December.