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: Petrol drop and diesel hike coming next week

Fuel price update: Petrol drop and diesel hike coming next week

The new July 2023 petrol and diesel prices will take effect from midnight on Tuesday, 4 July. At the time of publishing, the numbers from the Central Energy Fund (CEF) look better for petrol drivers than diesel car owners. Below, the latest projections as received by The South African website from the CEF, effective Thursday, 29 June 2023. ALSO READ | The first supermoon […]

30-06-23 09:40
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

The new July 2023 petrol and diesel prices will take effect from midnight on Tuesday, 4 July.

At the time of publishing, the numbers from the Central Energy Fund (CEF) look better for petrol drivers than diesel car owners.

Below, the latest projections as received by The South African website from the CEF, effective Thursday, 29 June 2023.

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FUEL PRICE CHANGE
Petrol 93 decrease of 24 cents
Petrol 95 decrease of 17 cents
Diesel 0.05% increase of 18 cents
Diesel 0.005% increase of 12 cents
Illuminating Paraffin decrease of 3 cents

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If these market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate ever fluctuating and the oil price changing – a decrease of 24 cents is expected for petrol 93 octane motorists and a decrease of 17 cents for 95 users.

Meanwhile, diesel motorists would see something between a 12 and 18 cents per litre increase.

Finally, illuminating paraffin is expected to decrease by 3 cents.

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FUEL PRICE IN SOUTH AFRICA 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


Oil price

At the time of publishing the brent crude oil price is $74.34 a barrel.

Exchange rate

At the time of publishing the rand/dollar exchange rate is R18.75/$.

The final overall price changes for both petrol and diesel will be confirmed in the weeks ahead with the new prices coming into effect at midnight on Tuesday, 4 July.

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Go easy on the accelerator until then, Mzansi.


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The current JUNE 2023 petrol and diesel prices (Inland and Coastal):

INLAND June
Petrol 93 R22.30
Petrol 95 R22.63
Diesel 0.05% R19.31
Diesel 0.005% R19.69
Illuminating Paraffin R13.96
COASTAL June
Petrol 93 R21.58
Petrol 95 R21.91
Diesel 0.05% R18.58
Diesel 0.005% R18.98
Illuminating Paraffin R13.04

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