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
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