Wolmaransstad - Motorists can look forward to more fuel price relief from Wednesday, May 7, but a volatile exchange rate has eaten into the potential savings.
Late month unaudited data from the Central Energy Fund (CEF) pointed to petrol price reductions in the region of 20 cents per litre, while both grades of diesel are looking likely to drop by 38 cents.
This cuts the price of 95 Unleaded down to R20.63 at the coast and R21.42 in the inland regions, where 93 Unleaded could recede to R21.31.
April saw more substantial fuel price reductions, with 95 Unleaded falling by 72 cents and 93 ULP by 58 cents, while diesel dropped by between 84 cents (500ppm) and 86 cents (50ppm).
The primary driver behind May’s predicted fuel price cuts is lower international oil prices, with Brent Crude having dropped from $74 at the beginning of the April review period to around $64 at the time of writing, having spent most of the month around the $65 mark.
While this in itself could have led to more substantial fuel price cuts, a volatile South African rand has reduced the potential decreases by around 30 cents.
Based on current local and international factors, official fuel prices are adjusted as follows:
🔻 Petrol 93 (ULP & LRP): 22c/l decrease
🔻 Petrol 95 (ULP & LRP): 22c/l decrease
🔻 Diesel 0.05% sulphur: 42c/l decrease
🔻 Diesel 0.005% sulphur: 41c/l decrease
Markets:
Top 10 Of the Top 40
BATS 804.50 18.19 2.31% 1,884,802,957,068
NASPERS-N 4,892.29 57.29 1.18% 804,445,487,262
AB INBEV 1,209.16 9.58 0.80% 2,173,100,599,927
PROSUS 865.34 5.43 0.63% 3,491,200,870,016
RICHEMONT 3,270.00 -19.78 -0.60% 1,757,893,431,030
FIRSTRAND 72.63 -0.60 -0.82% 407,417,113,513
CAPITEC 3,442.05 -42.08 -1.21% 399,621,464,598
BHP 438.66 -14.21 -3.14% 2,226,634,753,805
ANGLO 502.80 -28.05 -5.28% 672,534,174,656
GLENCORE 59.50 -5.60 -8.60% 791,350,000,000
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Updated: 12 May 2025 Monday
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