Here is the official petrol price for May

 ·29 Apr 2024

The Department of Mineral Resources and Energy has published the latest official fuel price adjustments, which will kick in from Wednesday, 1 May 2024.

As has been the trend for much of April, fuel recoveries have been mixed in South Africa, with petrol showing an under-recovery and diesel showing an over-recovery.

This has translated to a hike of 37 cents per litre for petrol in May, and relief of 30-36 cents per litre for diesel.

The table below outlines the changes:

Petrol 93increase of 37 cents per litre
Petrol 95increase of 37 cents per litre
Diesel 0.05% (wholesale)decrease of 30 cents per litre
Diesel 0.005% (wholesale)decrease of 36 cents per litre
Illuminating Paraffindecrease of 19 cents per litre
LPGASdecrease of 46 cents per kg

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

The Rand depreciated against the US Dollar during the period under review, on average, when compared to the previous period. The average Rand/US Dollar exchange rate for the period 27 March 2024 to 25 April 2024 was 18.9036 compared to 18.8689 during the previous period.

This led to a higher contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 2.59 c/l, 2.51 c/l and 2.48 c/l respectively.

The combined cumulative petrol and diesel Slate balances at the end of March 2024 amounted to a negative balance of R 2.735 billion. In line with the provisions of the Self-Adjusting Slate Levy Mechanism, a Slate Levy of 21.92 c/l (no change) has been implemented into the price structures.

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

InlandApril OfficialMay Official
93 PetrolR24.78R25.15
95 PetrolR25.12R25.49
Diesel 0.05% (wholesale)R22.45R22.15
Diesel 0.005% (wholesale)R22.60R22.24
Illuminating ParaffinR16.19R16.00
LPGAS (per kg)R38.12R37.66
CoastalApril OfficialMay Official
93 PetrolR23.99R24.36
95 PetrolR24.33R24.70
Diesel 0.05% (wholesale)R21.66R21.36
Diesel 0.005% (wholesale)R21.84R21.48
Illuminating ParaffinR15.19R15.00
LPGAS (per kg)R35.16R34.70

Read: Interest rate hike warning for South Africa

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