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Diesel price set for cut next week, but petrol may get pricier | Business

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The latest data from the Central Energy Fund shows that diesel prices could be lowered by 26c to 51c a litre, depending on the grade. Unleaded 95 petrol, however, may be hiked by around 60c. | News24_Business

The wholesale diesel price looks set for a cut on Wednesday next week, but petrol may become pricier.

The oil price has climbed steadily from $78 a barrel a month ago to around $81 currently. The Organisation of the Petroleum Exporting Countries recently announced plans for additional supply cuts, while a rebound in the Chinese economy also supported the oil price.

 

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