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 » Fuel price UPDATE: Rand takes a pounding, petrol and diesel hanging on

Fuel price UPDATE: Rand takes a pounding, petrol and diesel hanging on

Even at mid-May, it’s still too early to predict what lies ahead for both petrol and prices in June, but 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 […]

16-05-23 11:58
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

Even at mid-May, it’s still too early to predict what lies ahead for both petrol and prices in June, but 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 13 May 2023.

MUST LOOK | South Africa to get new 10c to R5 coins in 2013 – HAVE A LOOK

Fuel Price change
Petrol 93 decrease of 112 cents per litre
Petrol 95 decrease of 113 cents per litre
Diesel 0.05% decrease of 137 cents per litre
Diesel 0.005% decrease of 128 cents per litre
Illuminating Paraffin (wholesale) decrease of 79 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 112 cents is expected for 93 octane motorists and a decrease of 113 cents for 95 users.

ALSO READ: South African rand regains some ground against the US Dollar

Meanwhile, diesel motorists would see something between a 128 and 137 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 R19.11/$.


Oil price

At the time of publishing the brent crude oil price is $75.75 a barrel.

PUZZLE | Can you solve this maths equation that has the internet baffled?

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.

PICTURE | Kruger Park game ranger shares picture of ‘Silver-Eye’ lion

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

ALSO READ: Over 20 learners struck by lightning at Limpopo primary school