The Institute for Energy Security (IES) says the price of diesel at the pumps will reduce while petrol will remain unchanged for the second pricing window in April 2021.
According to a statement by IES, this is based on a 2.40% decrease in price of the International Benchmark- Brent crude, the 2.65% decrease in price of Gasoil, the 1.83% increase in Gasoline price and the 0.17% depreciation of the local currency against the US Dollar.
“The IES projects for price of gasoil (diesel) on the domestic market at the various pumps to reduce. Gasoline (petrol) prices are however expected to remain as we continue into the second half of April 2021,” the statement said.
Read the full statement below:
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