Fuel price update: Latest stats on petrol and diesel prices
It’s still a couple of days too early to know what lies ahead for both petrol and prices in early June. The latest data from the Central Energy Fund (CEF) remains good for motorists in South Africa, BUT … MUST READ | Andre van Biljon dies of gunshot wounds after farm robbery It’s still a couple of days too early to know […]
It’s still a couple of days too early to know what lies ahead for both petrol and prices in early June. The latest data from the Central Energy Fund (CEF) remains good for motorists in South Africa, BUT …
MUST READ | Andre van Biljon dies of gunshot wounds after farm robbery
It’s still a couple of days too early to know what lies ahead for both petrol and prices in early June. The latest data from the Central Energy Fund (CEF) remains good for motorists in South Africa, BUT …
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 30 May 2023.
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| Fuel | Price change |
| Petrol 93 | decrease of 77 cents per litre |
| Petrol 95 | decrease of 75 cents per litre |
| Diesel 0.05% | decrease of 87 cents per litre |
| Diesel 0.005% | decrease of 83 cents per litre |
| Illuminating Paraffin (wholesale) | decrease of 45 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 – a decrease of 77 cents is expected for 93 octane motorists and a decrease of 75 cents for 95 users.
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Meanwhile, diesel motorists would see something between a 83 and 87 cents per litre decrease.
FUEL PRICE 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
Exchange rate
At the time of publishing the rand/dollar exchange rate is R19.75/$.
Oil price
At the time of publishing the brent crude oil price is $73.60 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, 6 June.
Go easy on the accelerator until then, Mzansi.
The current prices at the pumps (Inland and Coastal):
| INLAND | May |
| 93 Petrol | R23.01 |
| 95 Petrol | R23.34 |
| 0.05% diesel (wholesale) | R20.15 |
| 0.005% diesel (wholesale) | R20.49 |
| Illuminating Paraffin | R14.39 |
| LPGAS (p/kg) | R33.32 |
| COASTAL | May |
| 93 Petrol | R22.29 |
| 95 Petrol | R22.62 |
| 0.05% diesel (wholesale) | R19.42 |
| 0.005% diesel (wholesale) | R19.78 |
| Illuminating Paraffin | R13.47 |
| LPGAS (p/kg) | R30.73 |
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