petrol and diesel price july
The Department of Mineral Resources and Energy has confirmed the latest official fuel price adjustments kicked in on Wednesday, 3 July. Photo: Wikimedia Commons

Home » SA fuel prices in May: Stronger rand and lower oil give hope

SA fuel prices in May: Stronger rand and lower oil give hope

It’s still too early to predict what lies ahead for fuel prices in May, but the latest data from the Central Energy Fund (CEF) doesn’t look good for petrol car owners in particular. ALSO READ: Gift of the Givers bring much-needed water to Makhanda homes Looking ahead, fluctuations in international product prices and rand weakness show the following […]

21-04-23 11:28
petrol and diesel price july
The Department of Mineral Resources and Energy has confirmed the latest official fuel price adjustments kicked in on Wednesday, 3 July. Photo: Wikimedia Commons

It’s still too early to predict what lies ahead for fuel prices in May, but the latest data from the Central Energy Fund (CEF) doesn’t look good for petrol car owners in particular.

ALSO READ: Gift of the Givers bring much-needed water to Makhanda homes

Looking ahead, fluctuations in international product prices and rand weakness show the following under-recoveries (price increases) or over-recoveries (price decreases) for petrol and diesel as per data at 20 April 2023.

Fuel Price change
Petrol 93 increase of 70 cents per litre
Petrol 95 increase of 65 cents per litre
Diesel 0.05% decrease of 47 cents per litre
Diesel 0.005% decrease of 22 cents per litre
Illuminating Paraffin (wholesale) decrease of 30 cents per litre

If these market conditions were to remain constant for the rest of the month – an unlikely scenario with the rand/dollar exchange rate ever changing and the oil price fluctuating – an increase of 70 cents is expected for 93 octane motorists and an increase of 65 cents for 95 users.

Meanwhile, diesel motorists would see something between a 22 and 47 cents per litre decrease.

FUEL PRICES IN MZANSI IMPACTED BY TWO MAIN FACTORS:

1. The international price of petroleum products, driven mainly by oil prices

2. The rand/dollar exchange rate used in the purchase of these products

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Exchange rate

At the time of publishing the rand/dollar exchange rate is R18.08/$.


Oil price

At the time of publishing the brent crude oil price is $80.94 a barrel.

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The final overall price changes for both petrol and diesel will be confirmed in the coming weeks with the new prices coming into effect at midnight on Tuesday, 2 May.

The current prices at the pumps (Inland and Coastal):

INLAND April
93 Petrol R22.64
95 Petrol R22.97
0.05% diesel (wholesale) R20.89
0.005% diesel (wholesale) R20.97
Illuminating Paraffin R14.72
LPGAS (p/kg) R37.76
COAST April
93 Petrol R21.92
95 Petrol R22.25
0.05% diesel (wholesale) R20.16
0.005% diesel (wholesale) R20.26
Illuminating Paraffin R13.80
LPGAS (p/kg) R35.17

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