File: The Energy Regulatory Commission (ERC) said it had recalculated the maximum pump prices in order to take into account the new VAT.
JOHANNESBURG - As motorists brace themselves for a hefty fuel price increase in April, due to a hike in the fuel levy, the month of March will at least, provide some relief at the pumps.
Both grades of petrol will drop by 36c/l, diesel by 44c and 47c/l, and illuminating paraffin by 22c/l.
WATCH: VAT, fuel levy to increase
The main reasons for the decreases are a stronger rand/dollar exchange rate and a decrease in the international price of brent crude oil.
From April 1, the fuel levy will rise by 52c/l, as announced in in the budget speech.