Motorists expect huge drop in cost of diesel

3d image of oil barrels with graph falling. [Photo: Courtesy]

Motorists and players in the transport and manufacturing industries are set to enjoy a major relief at retail price of diesel, as the energy industry regulator announces pump prices today.

Local users of diesel did not enjoy the major drop in crude oil prices after the Energy and Petroleum Regulatory Authority (EPRA) last month based the prices of diesel on the cost of crude oil in February, which resulted in pump prices remaining high. This resulted in super petrol pump price being lower than that of diesel for the first time.