{"id":591720,"date":"2022-05-31T15:56:45","date_gmt":"2022-05-31T13:56:45","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=591720"},"modified":"2022-05-31T16:11:39","modified_gmt":"2022-05-31T14:11:39","slug":"here-is-the-official-petrol-price-for-june-3","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/energy\/591720\/here-is-the-official-petrol-price-for-june-3\/","title":{"rendered":"Here is the official petrol price for June"},"content":{"rendered":"

The Department of Mineral Resources Energy (DMRE) has published the fuel price adjustments for June 2022, showing a hefty increase for both petrol and diesel.<\/p>\n

The steep hikes come even as National Treasury extends the previously-announced fuel price interventions for an additional two months – to the beginning of August.<\/p>\n

Through the extension, R1.50 will be taken off the general fuel levy in June, and will then be halved to 75 cents per litre in July – with the other 75 cents being fed back into the fuel price.<\/p>\n

As an additional, more permanent intervention, the DMRE will scrap 10 cents per litre from the price of petrol 95 (inland) by removing a demand-side management levy.<\/p>\n

The basic fuel price will also be cut by 3 cents per litre, it said, and the government will also look to partially deregulate the price of petrol 93 in the future.<\/p>\n

These interventions will have a significant impact on the budget, Treasury stressed in a note on Tuesday (31 May).<\/p>\n

The proposed temporary reduction in the fuel levy will be accommodated in the current fiscal framework in a manner that is consistent with the fiscal strategy outlined in the Budget. Any changes, if required, will be announced at the time of the 2022 Medium Term Budget Policy Statement.<\/p>\n

However, even with the interventions in place, motorists will still see a big jump in fuel prices from Wednesday, 1 June 2022.<\/p>\n

Prices will be adjusted as follows:<\/p>\n

\n
\n\n\n\n\n\n\n\n
Fuel<\/th>\nInland<\/th>\nCoast<\/th>\n<\/tr>\n
Petrol 95<\/td>\nIncrease<\/span> of 233 cents per litre<\/td>\nIncrease<\/span> of 243 cents per litre<\/td>\n<\/tr>\n
Petrol 93<\/td>\nIncrease <\/span>of 243 cents per litre<\/td>\nIncrease<\/span> of 243 cents per litre<\/td>\n<\/tr>\n
Diesel 0.05%<\/td>\nIncrease<\/span> of 110 cents per litre<\/td>\nIncrease<\/span> of 110 cents per litre<\/td>\n<\/tr>\n
Diesel 0.05%<\/td>\nIncrease<\/span> of 107 cents per litre<\/td>\nIncrease<\/span> of 107 cents per litre<\/td>\n<\/tr>\n
Illuminating Paraffin<\/td>\nIncrease<\/span> of 156 cents per litre<\/td>\nIncrease<\/span> of 156 cents per litre<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

The average brent crude oil price increased from $104.78 to $115 during the period under review.<\/p>\n

The main contributing factors are:<\/p>\n