Johannesburg – The Department of Minerals and Energy could implement a retail petrol price cut of about 71c/l on May 1‚ provided the daily over-recovery remains near the April 12 level. The wholesale diesel (0.05% Sulphur) price could fall by a more subdued 49c/l.

The daily petrol price over-recovery was 97.703 cents per litre (c/l) on April 12 after reaching an under-recovery of 100.661c/l on January 29.

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