Unleaded petrol (ULP) 93 octane and lead replacement petrol (LRP) will drop by four cents a litre and 95 octane will drop by 14c/l, the department said in a statement on Saturday.

However, the wholesale price of both grades of diesel - 0.05 percent and 0.005 percent sulphur - will increase by 9c/l. The wholesale price of illuminating paraffin will increase by 5c/l.

The maximum retail price of LP gas (LPG) will also drop by 24c/kg. 

The average international product prices for petrol decreased, while that of diesel and illuminating paraffin increased during the period under review (November 29 to December 25).

The minister of mineral resources and energy had approved a retail margin increase of 5.6 c/l to be effected in the retail price structures of all octane grades of petrol with effect from January 1, 2020.

This increase was necessary to accommodate the wage increases of pump attendants, cashiers, and administrative staff at service stations.

African News Agency