Great news for petrol prices and South Africa's motorists

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The very early data shows that more good news lies ahead for South Africa’s motorists in early June.

Vehicle owners in Mzansi saw a sizeable decrease in the cost of both petrol and diesel this week.

This is was due to a lower brent crude oil price and a stronger rand.

While it may well be far too early to celebrate, another petrol and diesel price drop is on the cards for next month.

Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Wednesday, 7 May.

FUEL	PRICE CHANGE
Petrol 93	decrease of 56 cents
Petrol 95	decrease of 57 cents
Diesel 0.05%	decrease of 94 cents
Diesel 0.005%	decrease of 94 cents
Illuminating Paraffin	decrease of 89 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 57 cents is expected for petrol 93 octane motorists and a decrease of 56 cents for 95 users.

Meanwhile, diesel motorists would see something around a 94 cents per litre decrease.

Finally, illuminating paraffin is expected to drop by 89 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 $61.54 a barrel.

Exchange rate

At the time of publishing the rand/dollar exchange rate is R18.25/$.

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.