The latest data still suggests that good news lies ahead for South Africa’s motorists NEXT WEEK .
With under a week to go now until the new prices come into effect, there is expected to be welcome relief – especially for diesel vehicle owners.
Vehicle owners in Mzansi saw a sizeable decrease in the cost of both petrol and diesel earlier this month.
This was mainly due to a lower brent crude oil price and a stronger rand.
Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Wednesday, 28 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 20 cents is expected for petrol 93 octane motorists and a decrease of 20 cents for 95 users.
Meanwhile, diesel motorists would see something around a 51 cents per litre decrease.
Finally, illuminating paraffin is expected to drop by 55 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 $66.04 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R17.93/$.
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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