The CEF has confirmed the official petrol price for South Africa for January 2019.

The new prices will kick in on 2 January 2019, and there will be substantial drops across the board.

“The average international product prices for petrol, diesel, and illuminating paraffin decreased during the period under review,” said the CEF.

Rand depreciation against the US dollar during the period under review, however, affected the basic fuel price.

Price drops on 2 January are:

Petrol 95 – R1.22

Petrol 93 – R1.23

Diesel 0.05% – R1.54

Diesel 0.005% – R1.56

The new fuel prices in January 2019 will therefore be:

Petrol 95 – R14.01

Petrol 93 – R13.79

Diesel 0.05% – R13.14

Diesel 0.005% – R13.17

Now read: Big petrol price drop coming in 2019