Latest news with #INLAND
The South African
a day ago
- Business
- The South African
REMINDER: Here's how much you'll pay for petrol at the pumps from TODAY
The Department of Petroleum and Mineral Resources has confirmed the official fuel price adjustments for June 2025. May saw volatility in the oil price and the strengthening of the rand against the dollar relative to April. This resulted in a slight over-recovery in fuel prices. However, a hike in the general fuel levy announced at Budget 3.0, undercut this by around 15 cents per litre . The net effect is that this translated to a small reduction in petrol prices in June – and a slightly bigger one for diesel. Petrol will be cut by 5 cents per litre for 93 and 95, and there will be a decrease of 37 cents per litre for diesel from Wednesday, 4 June . FUEL PRICE CHANGE Petrol 93 decrease of 5 cents Petrol 95 decrease of 25 cents Diesel 0.05% decrease of 37 cents Diesel 0.005% decrease of 37 cents Illuminating Paraffin decrease of 56 cents 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 $65.75 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R17.79/$. The next 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. INLAND June Petrol 93 R21.24 Petrol 95 R21.35 Diesel 0.05% R18.53 Diesel 0.005% R18.57 Illuminating Paraffin R12.49 COASTAL June Petrol 93 R20.45 Petrol 95 R20.56 Diesel 0.05% R17.70 Diesel 0.005% R17.81 Illuminating Paraffin R11.47 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
2 days ago
- Business
- The South African
Here is the official petrol price for June 2025
The Department of Petroleum and Mineral Resources has confirmed the official fuel price adjustments for this month which will take effect from midnight on Tuesday, 3 June. May saw volatility in the oil price and the strengthening of the rand against the dollar relative to April. This resulted in a consistent over-recovery in fuel prices. However, a hike in the general fuel levy from the latest budget undercut this by around 15 cents per litre. This has translated to a small reduction in petrol prices in June. Petrol will be cut by 5 cents per litre for 93 and 95, and there will be a decrease of 37 cents per litre for diesel. FUEL PRICE CHANGE Petrol 93 decrease of 5 cents Petrol 95 decrease of 25 cents Diesel 0.05% decrease of 37 cents Diesel 0.005% decrease of 37 cents Illuminating Paraffin decrease of 56 cents 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 $65.15 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R17.88/$. The next 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. INLAND June Petrol 93 R21.24 Petrol 95 R21.35 Diesel 0.05% R18.53 Diesel 0.005% R18.57 Illuminating Paraffin R12.49 COASTAL June Petrol 93 R20.45 Petrol 95 R20.56 Diesel 0.05% R17.70 Diesel 0.005% R17.81 Illuminating Paraffin R11.47 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
3 days ago
- Business
- The South African
Mixed news for petrol price change this week
South African finance minister Enoch Godongwana recently announced inflation-based tax hikes, which will see petrol and diesel increase to R4.01c/l and R3.85c/l, respectively, effective from 4 June 2025. As a result, fuel taxes will be going up 15 cents per litre for diesel and 16 cents per litre for petrol, but there will still be a slight decline at the petrol pumps this week. According to month-end data from the Central Energy Fund (CEF), the fuel price balance remains positive thanks to a stronger rand and lower international oil prices. Without adding in the tax increase, these are the following projections: Petrol 93: decrease of 20 cents per litre decrease of 20 cents per litre Petrol 95: decrease of 20 cents per litre decrease of 20 cents per litre Diesel 0.05% (wholesale): decrease of 52 cents per litre decrease of 52 cents per litre Diesel 0.005% (wholesale): decrease of 52 cents per litre However, when factoring in the coming fuel levy increases, this is effectively the current projected outcome: 93: decrease of 4 cents per litre decrease of 4 cents per litre 95: decrease of 4 cents per litre decrease of 4 cents per litre Diesel 0.05% (wholesale): decrease of 37 cents per litre decrease of 37 cents per litre Diesel 0.005% (wholesale): decrease of 37 cents per litre The final overall price changes for both petrol and diesel will be confirmed early this month with the new prices taking effect at midnight on Tuesday, 3 June 2025. 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 93 R20.50 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 0211. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
05-05-2025
- Automotive
- The South African
Here's the official petrol price for May 2025
The Department of Petroleum and Mineral Resources has confirmed the official fuel price adjustments which will take effect at midnight on Tuesday, 6 May. April saw a decline in global oil prices as markets were rattled by US President Donald Trump's tariffs, while the rand weakened slightly amid the shocks, before rebounding in recent days. The lower oil prices have translated to a cut in both petrol and diesel prices in May. Prices will be cut by 22 cents per litre for 93 and 95 petrol, respectively and between 41 and 42 cents per litre for diesel. FUEL PRICE CHANGE Petrol 93 decrease of 22 cents Petrol 95 decrease of 22 cents Diesel 0.05% decrease of 42 cents Diesel 0.005% decrease of 41 cents Illuminating Paraffin decrease of 31 cents 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 $60.28 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R18.30/$. INLAND April May Petrol 93 R21.51 R21.29 Petrol 95 R21.62 R21.40 Diesel 0.05% R19.32 R18.90 Diesel 0.005% R19.35 R18.94 Illuminating Paraffin R13.36 R13.05 COASTAL April May Petrol 93 R20.72 R20.50 Petrol 95 R20.83 R20.61 Diesel 0.05% R18.53 R18.11 Diesel 0.005% R18.59 R18.18 Illuminating Paraffin R12.36 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. Press Release 02 May 2025 ( Change 07 May 2025)Download
The South African
03-05-2025
- Automotive
- The South African
Here's the CONFIRMED petrol price for May 2025
The Department of Petroleum and Mineral Resources has confirmed the official fuel price adjustments which will take effect at midnight on Tuesday, 6 May. April saw a decline in global oil prices as markets were rattled by US President Donald Trump's tariffs, while the rand weakened slightly amid the shocks, before rebounding in recent days. The lower oil prices have translated to a cut in both petrol and diesel prices in May. Prices will be cut by 22 cents per litre for 93 and 95 petrol, respectively and between 41 and 42 cents per litre for diesel. FUEL PRICE CHANGE Petrol 93 decrease of 22 cents Petrol 95 decrease of 22 cents Diesel 0.05% decrease of 42 cents Diesel 0.005% decrease of 41 cents Illuminating Paraffin decrease of 31 cents 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 $61.45 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R18.39/$. INLAND April May Petrol 93 R21.51 R21.29 Petrol 95 R21.62 R21.40 Diesel 0.05% R19.32 R18.90 Diesel 0.005% R19.35 R18.94 Illuminating Paraffin R13.36 R13.05 COASTAL April May Petrol 93 R20.72 R20.50 Petrol 95 R20.83 R20.61 Diesel 0.05% R18.53 R18.11 Diesel 0.005% R18.59 R18.18 Illuminating Paraffin R12.36 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. Press Release 02 May 2025 ( Change 07 May 2025)Download
