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Fuel price decrease brings relief to South African households and businesses
Cape Times
|May 08, 2025
THE agriculture sector, alongside economists and trade unions, have expressed optimism following the recent announcement of a fuel price decrease in South Africa.
Minister of Minerals and Petroleum Resources Gwede Mantashe, revealed on Friday that the reductions apply to all grades of petrol and diesel, with petrol prices seeing a reduction of 22 cents per litre and diesel dropping by as much as 42 cents per litre.
An economics professor at the North-West University, Waldo Krugell, said even modest reductions in fuel prices can lighten household budgets.
"In the macro picture, it also helps to keep the average inflation rate low. It is good news for households and businesses," Krugell said.
This story is from the May 08, 2025 edition of Cape Times.
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