Motorists can expect some relief at the fuel pumps from midnight after the Department of Mineral and Petroleum Resources announced that fuel prices are set to drop from the 1st of July.
This is on the back of lower global oil prices and a stronger rand against the US dollar.
The price of petrol is expected to decrease by between R2,01 cents and R1, 96 cents per litre, depending on the grade, while the price of diesel is expected to drop by between R3, 14 cents and R3, 59 cents per litre, depending on the grade.
The data shows that paraffin users can expect the biggest relief with prices set to drop by R6, 97 cents per litre at the retail level.
LP Gas has gone against the trend with a price increase of 16 cents per kilogram.
The department’s Robert Maake says the decreases come as the short-term fuel levy relief measures introduced by the government in April are expected to be fully phased out from Wednesday.
Maake says, “Petrol 93 octane will decrease by R2,01 per litre, 95 octane will decrease by R1,96 per litre, diesel will decrease by R3,13 and R3,58 per litre, that’s over R3 per litre decrease. Paraffin at wholesale level will decrease by R5,23 per litre, at retail level paraffin will decrease by R6,97 per litre. The maximum retail price of LP gas will increase by 16 cents per kilogram countrywide and by 19 cents per kilogram in Saldanha in the Western Cape”.
‘The reasons for these adjustments are the lower oil price on average during the period under review and the stronger rand against the us dollar during the same period. the slate levy decreased by 28 cents per litre in the price structures of petrol and diesel. the new slate levy will be R11,39 cents in both the price structures of petrol and diesel. In line with the announcement by the minister, the short-term fuel levy relief has been phased out effective from wednesday the 1st of July 2026″, says Maake.
Related video | Fuel price | Good and bad news for motorists
About the Author
