South Africa Sees Fifth Consecutive Drop in Fuel Prices Amid Global Market Shifts

South Africa Sees Fifth Consecutive Drop in Fuel Prices Amid Global Market Shifts

Minister Gwede Mantashe of Mineral and Petroleum Resources has announced the fifth consecutive reduction in fuel prices in South Africa. The decrease is attributed to the drop in Brent Crude Oil prices, increased production from major oil countries, and the appreciation of the rand against the US dollar. Petrol and diesel prices, along with paraffin, have all seen significant reductions starting October 2.

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