Petrol price forecast for June stays good, but worsening by the day

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The latest available data shows that more good news lies ahead forSouth 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.

FUEL	PRICE CHANGE
Petrol 93	decrease of 36 cents
Petrol 95	decrease of 35 cents
Diesel 0.05%	decrease of 67 cents
Diesel 0.005%	decrease of 68 cents
Illuminating Paraffin	decrease of 69 cents

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.