ONE WEEK until South Africa's motorists in for a fuel price shock

15 Views

The latest official data confirms that with one week to go, bad news almost certainly lies ahead for South Africa’s motorists.

Vehicle owners in South Africa saw a sizeable decrease in the cost of both petrol and diesel earlier this month.

However, that picture radically changed after Israel attacked Iran late last week, which resulted in the brent crude oil price rising and the rand weakening.

While the picture is particularly grim when it comes to the diesel price forecast, petrol vehicle owners are also in for a shock at the pumps next week.

Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Monday, 23 June.

FUEL	PRICE CHANGE
Petrol 93	increase of 51 cents
Petrol 95	increase of 55 cents
Diesel 0.05%	increase of 79 cents
Diesel 0.005%	increase of 81 cents
Illuminating Paraffin	increase of 67 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 – an increase of 51 cents is expected for petrol 93 octane motorists and an increase of 55 cents for 95 users.

Meanwhile, diesel motorists would see something between a 79 and 81 cents per litre increase.

Finally, illuminating paraffin is expected to rise by 67 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 $68.78 a barrel.

Exchange rate

At the time of publishing the rand/dollar exchange rate is R17.77/$.

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, 1 July 2025.

Go easy on the accelerator until then, Mzansi.