{"id":394458,"date":"2020-05-01T08:21:30","date_gmt":"2020-05-01T06:21:30","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=394458"},"modified":"2020-05-01T09:03:45","modified_gmt":"2020-05-01T07:03:45","slug":"heres-the-official-petrol-price-for-may","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/energy\/394458\/heres-the-official-petrol-price-for-may\/","title":{"rendered":"Here&#8217;s the official petrol price for May"},"content":{"rendered":"<p>Motorists will see another massive petrol price cut in May, thanks to sharp declines in the price of crude oil.<\/p>\n<p>All grades of petrol will fall by R1.74 per litre from Wednesday, 6 May, while diesel will fall by between R1.56 and R1.61 per litre.<\/p>\n<p>Minister of Mineral Resources and Energy, Gwede Mantashe, said that the rand depreciated, on average, against the dollar during the period under review.<\/p>\n<p>This led to higher contributions to the basic fuel prices of petrol, diesel, and illuminating paraffin, by 33.57 c\/l, 41.94 c\/l, and 29.98 cl respectively.<\/p>\n<p>The average brent crude oil price, meanwhile, decreased markedly &#8211; from $35.25 to $20.00 per barrel for the period under review.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Fuel Price for May 2020. <a href=\"https:\/\/twitter.com\/hashtag\/FuelPrice?src=hash&amp;ref_src=twsrc%5Etfw\">#FuelPrice<\/a> <a href=\"https:\/\/twitter.com\/SACentralEnerg1?ref_src=twsrc%5Etfw\">@SACentralEnerg1<\/a> <a href=\"https:\/\/twitter.com\/GCISMedia?ref_src=twsrc%5Etfw\">@GCISMedia<\/a> <a href=\"https:\/\/twitter.com\/necsa_Ltd?ref_src=twsrc%5Etfw\">@necsa_Ltd<\/a> <a href=\"https:\/\/twitter.com\/NERSA_ZA?ref_src=twsrc%5Etfw\">@NERSA_ZA<\/a> <a href=\"https:\/\/twitter.com\/sanedi_org?ref_src=twsrc%5Etfw\">@sanedi_org<\/a> <a href=\"https:\/\/twitter.com\/NucRegSA?ref_src=twsrc%5Etfw\">@NucRegSA<\/a> <a href=\"https:\/\/twitter.com\/DMR_SA?ref_src=twsrc%5Etfw\">@DMR_SA<\/a> <a href=\"https:\/\/twitter.com\/GwedeMantashe1?ref_src=twsrc%5Etfw\">@GwedeMantashe1<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/COVID__19?src=hash&amp;ref_src=twsrc%5Etfw\">#COVID__19<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Covid19SA?src=hash&amp;ref_src=twsrc%5Etfw\">#Covid19SA<\/a> <a href=\"https:\/\/t.co\/GABaihirTv\">pic.twitter.com\/GABaihirTv<\/a><\/p>\n<p>\u2014 Department of Mineral Resources and Energy (@Energy_ZA) <a href=\"https:\/\/twitter.com\/Energy_ZA\/status\/1255934328141484033?ref_src=twsrc%5Etfw\">April 30, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&#8220;The main reason for the lower oil prices is due to the continuous spread of the Covid-19 and the resultant lockdown of the major economies globally.<\/p>\n<p>&#8220;This is despite the fact that OPEC and Russia agreed to reduce oil production by about 10 million barrels per day during their April meeting,&#8221; Mantashe said.<\/p>\n<p>The prices will be adjusted as follows:<\/p>\n<ul>\n<li><strong>95 Petrol:<\/strong> decrease of R1.74 per litre<\/li>\n<li><strong>93 Petrol:<\/strong> decrease of R1.74 per litre<\/li>\n<li><strong>0.05% diesel:\u00a0<\/strong>decrease of R1.61 per litre<\/li>\n<li><strong>0.005% diesel:<\/strong> decrease of R1.56 per litre<\/li>\n<li><strong>Illuminating Paraffin:<\/strong> decrease of R2.23 per litre<\/li>\n<\/ul>\n<p>This how the latest data reflects in the current prices:<\/p>\n<div class=\"bt_table\">\n<div class=\"table-responsive\"><table class=\"table\" width=\"100%\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th bgcolor=\"#CCCCCC\" width=\"40%\">Fuel (Inland)<\/th>\n<th style=\"text-align: center;\" bgcolor=\"#CCCCCC\" width=\"30%\"><a href=\"http:\/\/www.energy.gov.za\/files\/esources\/petroleum\/April2020\/Breakdown-of-Prices.pdf\">April Official<\/a><\/th>\n<th style=\"text-align: center;\" bgcolor=\"#CCCCCC\" width=\"30%\">May official<\/th>\n<\/tr>\n<tr>\n<td>95 Petrol<\/td>\n<td style=\"text-align: center;\">R13.96<\/td>\n<td style=\"text-align: center;\">R12.22<\/td>\n<\/tr>\n<tr>\n<td>93 Petrol<\/td>\n<td style=\"text-align: center;\">R13.76<\/td>\n<td style=\"text-align: center;\">R12.02<\/td>\n<\/tr>\n<tr>\n<td>0.05% Diesel (wholesale)<\/td>\n<td style=\"text-align: center;\">R12.69<\/td>\n<td style=\"text-align: center;\">R11.08<\/td>\n<\/tr>\n<tr>\n<td>0.005% Diesel (wholesale)<\/td>\n<td style=\"text-align: center;\">R12.73<\/td>\n<td style=\"text-align: center;\">R11.17<\/td>\n<\/tr>\n<tr>\n<td>Illuminating Paraffin<\/td>\n<td style=\"text-align: center;\">R6.72<\/td>\n<td style=\"text-align: center;\">R4.49<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/government\/394406\/south-africa-pushes-back-start-date-for-south-african-schools\/\" target=\"_blank\" rel=\"noopener noreferrer\">Government pushes back start date for South African schools<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Motorists will see another massive petrol price cut in May, thanks to sharp declines in the price of crude oil.<\/p>\n","protected":false},"author":10,"featured_media":299754,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[26],"class_list":["post-394458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/394458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=394458"}],"version-history":[{"count":9,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/394458\/revisions"}],"predecessor-version":[{"id":394500,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/394458\/revisions\/394500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/299754"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=394458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=394458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=394458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}