Latest news with #TheSouthAfricanwebsite
The South African
26-05-2025
- Business
- The South African
Here's the latest petrol price outlook for June 2025
While 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. However, in recent weeks, the oil price has risen after reports that Israel was preparing an attack on Iran, while the rand strengthened after Cyril Ramaphosa's meeting with Donald Trump and the Budget speech which finally took place last Wednesday. Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Friday, 23 May. FUEL PRICE CHANGE Petrol 93 decrease of 19 cents Petrol 95 decrease of 19 cents Diesel 0.05% decrease of 49 cents Diesel 0.005% decrease of 49 cents Illuminating Paraffin decrease of 53 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 49 cents per litre decrease. Finally, illuminating paraffin is expected to drop by 53 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 $64.84 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R17.86/$. 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
22-05-2025
- Business
- The South African
Petrol price forecast continues to WORSEN for June
While the latest available data still shows that good news lies ahead for South Africa's motorists in early June, the picture is getting bleaker as each day passes. With just under two weeks 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. 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. However, in recent days, the oil price has risen after reports that Israel was preparing an attack on Iran, while the rand has strengthened ahead of Cyril Ramaphosa's meeting with Donald Trump and the Budget speech which finally took place on Wednesday afternoon. Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Wednesday, 21 May. FUEL PRICE CHANGE Petrol 93 decrease of 21 cents Petrol 95 decrease of 21 cents Diesel 0.05% decrease of 48 cents Diesel 0.005% decrease of 49 cents Illuminating Paraffin decrease of 52 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 21 cents is expected for petrol 93 octane motorists and a decrease of 21 cents for 95 users. Meanwhile, diesel motorists would see something between a 48 and 49 cents per litre decrease. Finally, illuminating paraffin is expected to drop by 52 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 $64.34 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R17.96/$. 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
21-05-2025
- Business
- The South African
Here's the latest petrol forecast for June: Rand strengthens, oil more expensive
While the latest available data still shows that good news lies ahead for South Africa's motorists in early June, the picture is worsening as each day passes. With two weeks 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. 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. However, in recent days, the oil price has risen after reports that Israel was preparing an attack on Iran, while the rand has strengthened ahead of Cyril Ramaphosa's meeting with Donald Trump and the Budget speech finally set to take place on Wednesday afternoon. Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Tuesday, 20 May. FUEL PRICE CHANGE Petrol 93 decrease of 23 cents Petrol 95 decrease of 22 cents Diesel 0.05% decrease of 49 cents Diesel 0.005% decrease of 50 cents Illuminating Paraffin decrease of 53 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 23 cents is expected for petrol 93 octane motorists and a decrease of 22 cents for 95 users. Meanwhile, diesel motorists would see something between a 49 and 50 cents per litre decrease. Finally, illuminating paraffin is expected to drop by 53 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 $66.05 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R17.92/$. 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
15-05-2025
- Business
- The South African
Worrying trend for petrol and diesel prices for South Africa's motorists
The latest available data shows that more good news lies ahead for South Africa's motorists in early June, but the picture is worsening significantly as each day passes. With just under three weeks until the new prices will come into effect, there is still a chance prices may increase at the pumps next month. Vehicle owners in Mzansi saw a sizeable decrease in the cost of both petrol and diesel earlier this month. This was in main due to a lower brent crude oil price and a stronger rand. However, in recent days, the oil price has risen while the rand-dollar exchange rate has remained largely stable. Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Wednesday, 14 May. FUEL PRICE CHANGE Petrol 93 decrease of 30 cents Petrol 95 decrease of 30 cents Diesel 0.05% decrease of 60 cents Diesel 0.005% decrease of 61 cents Illuminating Paraffin decrease of 63 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 30 cents is expected for petrol 93 octane motorists and a decrease of 30 cents for 95 users. Meanwhile, diesel motorists would see something between a 60 and 61 cents per litre decrease. Finally, illuminating paraffin is expected to drop by 63 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 $64.08 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R18.25/$. 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. 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
14-05-2025
- Business
- The South African
Petrol price forecast for June stays GOOD, but it's worsening by the day
The latest available data shows that more good news lies ahead for South Africa's motorists in early June, but the picture is worsening as each day passes. It's still three full weeks until the new prices will come into effect, so don't get too excited yet. Vehicle owners in Mzansi saw a sizeable decrease in the cost of both petrol and diesel earlier this month. This was in main due to a lower brent crude oil price and a stronger rand. However, in recent days, the oil price has risen while the rand-dollar exchange rate has remained largely stable. Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Tuesday, 13 May. FUEL PRICE CHANGE Petrol 93 decrease of 36 cents Petrol 95 decrease of 35 cents Diesel 0.05% decrease of 67 cents Diesel 0.005% decrease of 68 cents Illuminating Paraffin decrease of 69 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 36 cents is expected for petrol 93 octane motorists and a decrease of 35 cents for 95 users. Meanwhile, diesel motorists would see something between a 67 and 68 cents per litre decrease. Finally, illuminating paraffin is expected to drop by 69 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 $66.27 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R18.20/$. 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.
