The latest available data shows that more good news lies ahead for South Africa’s motorists in early June, but the picture is worsening as each day passes.
It’s still three full weeks until the new prices will come into effect, so don’t get too excited yet.
Vehicle owners in Mzansi saw a sizeable decrease in the cost of both petrol and diesel earlier this month.
This was in main due to a lower brent crude oil price and a stronger rand.
However, in recent days, the oil price has risen while the rand-dollar exchange rate has remained largely stable.
Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Tuesday, 13 May.
If the market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate fluctuating and the oil price ever changing – a decrease of 36 cents is expected for petrol 93 octane motorists and a decrease of 35 cents for 95 users.
Meanwhile, diesel motorists would see something between a 67 and 68 cents per litre decrease.
Finally, illuminating paraffin is expected to drop by 69 cents in price.
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 $66.27 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R18.20/$.
The final overall price changes for both petrol and diesel will be confirmed early next month with the new prices taking effect at midnight on Tuesday, 3 June 2025.
Go easy on the accelerator until then, Mzansi.
The current May 2025 petrol and diesel prices (Inland and Coastal):
How much do you spend on fuel per month on averagee?
Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1
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