{"id":683979,"date":"2023-05-02T13:49:47","date_gmt":"2023-05-02T11:49:47","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=683979"},"modified":"2023-05-02T13:49:47","modified_gmt":"2023-05-02T11:49:47","slug":"here-is-the-official-petrol-price-for-may-2","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/energy\/683979\/here-is-the-official-petrol-price-for-may-2\/","title":{"rendered":"Here is the official petrol price for May"},"content":{"rendered":"

The Department of Mineral Resources and Energy has published the official fuel price adjustments for May 2023.<\/p>\n

Petrol prices will be increasing by 37 cents per litre, while diesel will be coming down by between 48 cents and 74 cents per litre.<\/p>\n

The changes will come into effect from Wednesday, 3 May 2023.<\/p>\n

\n
\n\n\n\n\n\n\n\n\n
Fuel<\/th>\nPrice change<\/th>\n<\/tr>\n
Petrol 93<\/td>\nincrease<\/span>\u00a0<\/span>of 37 cents per litre<\/td>\n<\/tr>\n
Petrol 95<\/td>\nincrease<\/span> <\/span>of 37 cents per litre<\/td>\n<\/tr>\n
Diesel 0.05%<\/td>\ndecrease<\/span> of 74 cents per litre<\/td>\n<\/tr>\n
Diesel 0.005%<\/td>\ndecrease<\/span> of 48 cents per litre<\/td>\n<\/tr>\n
Illuminating Paraffin (wholesale)<\/td>\ndecrease<\/span> of 33 cents per litre<\/td>\n<\/tr>\n
LPGAS<\/td>\ndecrease <\/span>of 444 cents per kilogram<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

The Minister of Finance, in his Budget on 22 February 2023, announced that an increase of 1.0 c\/l will be made to the General Fuel Levy (Carbon Levy) in the price structures of both petrol and diesel.<\/p>\n

Furthermore, an increase of 1.0 c\/l will be added to the petrol and diesel price structures to allow the industry to recoup the levy payment for April 2023. This additional 1.0 c\/l will be removed from the price structures of petrol and diesel with effect from 7 June 2023.<\/p>\n

With effect from 3 May 2023, the Fuel Levy will increase to 396.0 c\/l and 382.0 c\/l respectively in the price structure of both petrol and diesel.<\/p>\n

The average international product prices for Petrol increased, whilst Diesel and Illuminating Paraffin decreased during the period under review.<\/p>\n

The Rand appreciated 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 31 March 2023 to 25 April 2023 was 18.1331 compared to 18.3045 during the previous period.<\/p>\n

This led to a lower contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 12.25 c\/l, 11.52 c\/l and 11.62 c\/l respectively.<\/p>\n

In line with the provisions of the Self-Adjusting Slate Levy Mechanism, a Slate Levy of 0.00 c\/l (decrease of 17.54 c\/l) will be implemented into the price structures of petrol and diesel with effect from 03 May 2023.<\/p>\n

\"\"<\/p>\n

\n

This is how the price changes will reflect at the pumps:<\/p>\n

\n
\n\n\n\n\n\n\n\n\n
Inland<\/th>\nApril Official<\/th>\nMay Official<\/th>\n<\/tr>\n
93 Petrol<\/td>\nR22.64<\/td>\nR23.01<\/span><\/td>\n<\/tr>\n
95 Petrol<\/td>\nR22.97<\/td>\nR23.34<\/span><\/td>\n<\/tr>\n
0.05% diesel (wholesale)<\/td>\nR20.89<\/td>\nR20.15<\/span><\/td>\n<\/tr>\n
0.005% diesel (wholesale)<\/td>\nR20.97<\/td>\nR20.49<\/span><\/td>\n<\/tr>\n
Illuminating Paraffin<\/td>\nR14.72<\/td>\nR14.39<\/span><\/td>\n<\/tr>\n
LPGAS (p\/kg)<\/td>\nR37.76<\/td>\nR33.32
\n<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n
\n\n\n\n\n\n\n\n\n
Coastal<\/th>\nApril Official<\/th>\nMay Official<\/th>\n<\/tr>\n
93 Petrol<\/td>\nR21.92<\/td>\nR22.29<\/span><\/td>\n<\/tr>\n
95 Petrol<\/td>\nR22.25<\/td>\nR22.62<\/span><\/td>\n<\/tr>\n
0.05% diesel (wholesale)<\/td>\nR20.16<\/td>\nR19.42<\/span><\/td>\n<\/tr>\n
0.005% diesel (wholesale)<\/td>\nR20.26<\/td>\nR19.78<\/span><\/td>\n<\/tr>\n
Illuminating Paraffin<\/td>\nR13.80<\/td>\nR13.47<\/span><\/td>\n<\/tr>\n
LPGAS (p\/kg)<\/td>\nR35.17<\/td>\nR30.73<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Read: Good news for diesel prices in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The Department of Mineral Resources and Energy has published the official fuel price adjustments for May 2023.<\/p>\n","protected":false},"author":10,"featured_media":644669,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[26],"class_list":["post-683979","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\/683979","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=683979"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/683979\/revisions"}],"predecessor-version":[{"id":684313,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/683979\/revisions\/684313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/644669"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=683979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=683979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=683979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}