Energy

Here is the official petrol price for July

Staff Writer

 ·29 Jun 2026

The Department of Petroleum and Mineral Resources has published the official fuel price adjustments that will take effect on Wednesday, 1 July 2026.

June saw oil prices crash to around $75 by month-end, following a ceasefire agreement between the United States and Iran that reopened the Strait of Hormuz.

While a longer-term agreement is being ironed out, markets have pinned their bets on the conflict winding down, with lower oil prices also boosted by increased supply.

Along with the lower oil price, the rand remained resilient throughout the month in trade against the US dollar, keeping both the oil and exchange rate components in positive recovery territory.

By month-end, petrol price recoveries were around R3 per litre, with diesel recoveries at R5 per litre.

Typically, this would result in a similarly-sized price cut at the pumps. However, the National Treasury is fully terminating the R3.00 per litre and R3.93 per litre cut from the fuel levy from 1 July.

This will see the remaining R1.50 per litre being added back to petrol prices, effectively halving the over-recovery and leading to only a R2 per litre cut in prices.

For diesel, R1.97 is being added back to the price, leading to wholesale prices being cut by between R3.14 and R3.59 per litre.

The table below outlines the changes:

The average international product prices for Petrol, Diesel and Illuminating Paraffin decreased during the period under review.

The Rand appreciated against the US Dollar on average during the period under review compared with the previous period.

The average Rand/US Dollar exchange rate for the period 29 May 2026 to 25 June 2026 was 16.3774 compared to 16.5197 during the previous period.

This led to a lower contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 11.405 c/l, 13.497 c/l, 13.369 c/l, respectively.

The combined cumulative petrol and diesel Slate balances at the end of May 2026 amounted to a negative balance of R13.32 billion.

In line with the provisions of the Self-Adjusting Slate Levy Mechanism, a Slate Levy of 113.94 c/l will be implemented into the price structures of petrol and diesel with effect from 01 July 2026.

The slate levy will decrease from 157.74 to 113.94, resulting in a 43.8 c/l reduction in the petrol and diesel price structure.

In line with the announcement by the Minister of Finance, the short-term fuel levy relief measures have been fully phased out.

Consequently, the full fuel levy rates of 429.00 cents per litre on petrol and 416.00 cents per litre on diesel have been reinstated.

The changes are effective from Wednesday, the 3rd of June 2026.

This is how the price changes will reflect at the pumps (Diesel prices reflect wholesale, pump prices will differ):