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The South African
3 days ago
- Automotive
- The South African
Here's the latest fuel price forecast for June 2025
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. FUEL PRICE CHANGE Petrol 93 decrease of 20 cents Petrol 95 decrease of 20 cents Diesel 0.05% decrease of 51 cents Diesel 0.005% decrease of 51 cents Illuminating Paraffin decrease of 55 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 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. INLAND May Petrol 93 R21.29 Petrol 95 R21.40 Diesel 0.05% R18.90 Diesel 0.005% R18.94 Illuminating Paraffin R13.05 COASTAL May Petrol 93 R20.50 Petrol 95 R20.61 Diesel 0.05% R18.11 Diesel 0.005% R18.18 Illuminating Paraffin R12.05 Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
4 days ago
- Automotive
- The South African
Here's the petrol price forecast for June 2025
The latest available data still suggests that good news lies ahead for South Africa's motorists NEXT WEEK . With a week to go 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 Tuesday, 27 May. FUEL PRICE CHANGE Petrol 93 decrease of 19 cents Petrol 95 decrease of 19 cents Diesel 0.05% decrease of 51 cents Diesel 0.005% decrease of 51 cents Illuminating Paraffin decrease of 55 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 19 cents is expected for petrol 93 octane motorists and a decrease of 19 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 $64.39 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R17.93/$. 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. INLAND May Petrol 93 R21.29 Petrol 95 R21.40 Diesel 0.05% R18.90 Diesel 0.005% R18.94 Illuminating Paraffin R13.05 COASTAL May Petrol 93 R20.50 Petrol 95 R20.61 Diesel 0.05% R18.11 Diesel 0.005% R18.18 Illuminating Paraffin R12.05 Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
eNCA
4 days ago
- Business
- eNCA
Levy hike offsets fuel price drop
JOHANNESBURG - Motorists can expect a slight reprieve at the pumps in June. But the increased fuel levy will offset this. According to the latest data from the Central Energy Fund, petrol could decrease by a few cents. WATCH: Budget 3.0 | AA warns consumers will feel fuel levy pain However, diesel motorists could see a more than 30 cents per litre decrease. The June fuel price adjustment will come into effect on Wednesday, 4 June. But this will give little relief to cash-strapped consumers after the Finance Minister announced a fuel levy hike.
The South African
4 days ago
- Automotive
- The South African
Here's the updated petrol price outlook for June 2025
The latest available data still shows that good news lies ahead for South Africa's motorists in early June. With just over a week to go until the new prices come into effect, there is, sadly, every chance that fuel costs may actually increase at the pumps next month – especially for petrol 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 Monday, 26 May. FUEL PRICE CHANGE Petrol 93 decrease of 19 cents Petrol 95 decrease of 19 cents Diesel 0.05% decrease of 50 cents Diesel 0.005% decrease of 50 cents Illuminating Paraffin decrease of 54 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 19 cents is expected for petrol 93 octane motorists and a decrease of 19 cents for 95 users. Meanwhile, diesel motorists would see something around a 50 cents per litre decrease. Finally, illuminating paraffin is expected to drop by 54 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 $64.84 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R17.88/$. 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. INLAND May Petrol 93 R21.29 Petrol 95 R21.40 Diesel 0.05% R18.90 Diesel 0.005% R18.94 Illuminating Paraffin R13.05 COASTAL May Petrol 93 R20.50 Petrol 95 R20.61 Diesel 0.05% R18.11 Diesel 0.005% R18.18 Illuminating Paraffin R12.05 Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The Citizen
5 days ago
- Business
- The Citizen
Fuel levy pain: Brace for possibility of petrol price hike in June
The first fuel levy increase in three years will come into effect in June. Here's how it will affect petrol and diesel prices. The projected decrease in petrol and diesel prices for June has been slimmed down by Treasury's hike in the fuel price levy. Picture: iStock South African motorists will feel the impact of the fuel levy increase at the pumps when the official price changes for petrol and diesel kicks in on Wednesday, 4 June. Budget 3.0's inflation-based general fuel levy (GFL) hike will see petrol prices increase by 16 cents to R4.01, while diesel tax will rise by 15 cents to R3.85. Based on current over-recovery trends, consumers should consider themselves lucky if petrol sees a marginal decrease of 3 cents per litre in June. There is even the possibility that the fuel levy increase could result in a small hike in petrol prices if the rand weakens or global oil prices rise further this week. June fuel price: Expected changes in petrol, diesel and paraffin According to the latest data released by the Central Energy Fund (CEF), over-recoveries of 19 cents per litre are on the cards for petrol prices and 48 cents per litre for diesel. Petrol 93: Decrease of 20 cents per litre. Decrease of 20 cents per litre. Petrol 95: Decrease of 19 cents per litre. Decrease of 19 cents per litre. Diesel 0.05% (wholesale): Decrease of 48 cents per litre, Decrease of 48 cents per litre, Diesel 0.005% (wholesale): Decrease of 49 cents per litre. Decrease of 49 cents per litre. Illuminating paraffin: Decrease of 52 cents per litre. When factoring in the 15 cents and 16 cents per litre of the GFL increase for diesel and petrol, the respective decreases are slimmed down to 33 cents and 3 cents. Petrol 93: Decrease of 4 cents per litre. Decrease of 4 cents per litre. Petrol 95: Decrease of 3 cents per litre. Decrease of 3 cents per litre. Diesel 0.05% (wholesale): Decrease of 33 cents per litre. Decrease of 33 cents per litre. Diesel 0.005% (wholesale): Decrease of 34 cents per litre. Fuel price explainer The fuel levy increase raises the total tax on petrol to R6.37, factoring in the R2.18 Road Accident Fund (RAF) levy, which remains unchanged, as well as the 14 cent carbon tax penalty and four cent customs and excise duties. Current petrol and diesel prices Following May's fuel price decreases, a litre of 93 unleaded petrol costs R21.29 per litre, while 95 unleaded costs R21.40. The wholesale price of 0.05% diesel stands at R18.93 per litre and 0.005% at R18.91. Why is Treasury hiking the fuel levy? Finance Minister Enoch Godongwa announced in his third Budget Speech last week that the only new tax proposal would be an inflation-based increase in the GFL for the 2025/26 fiscal year. Any increase in international fuel prices or a weakening in the rand-dollar exchange rate could cause the 5c to melt away over the next week. The revised 2025 budget is the minister's third official attempt to balance the country's finances since February's contested speech. ALSO READ: VAT reversal overshadowed by fuel levy hike R61.9 billion shortfall While the previously announced 1% Value Added Tax (VAT) hike falls away following pressure from within the ranks of the government of national unity (GNU), Treasury now has an additional R61.9 billion shortfall to fund over the next three years. Frank Blackmore, lead economist at KPMG South Africa, said the proposed fuel tax hike represents an inflationary increase of 4% in the fuel price, which is larger than the proposed VAT increases. READ NOW: Budget 3.0: Fuel levy replaced VAT hike but is it the better option?
