{"id":769810,"date":"2024-04-29T20:39:52","date_gmt":"2024-04-29T18:39:52","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=769810"},"modified":"2024-04-30T11:27:33","modified_gmt":"2024-04-30T09:27:33","slug":"here-is-the-official-petrol-price-for-may-3","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/energy\/769810\/here-is-the-official-petrol-price-for-may-3\/","title":{"rendered":"Here is the official petrol price for May"},"content":{"rendered":"\n

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

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

The table below outlines the changes:<\/p>\n\n\n\n

Fuel<\/strong><\/td>Change<\/strong><\/td><\/tr>
Petrol 93<\/td>increase<\/mark> of 37 cents per litre<\/td><\/tr>
Petrol 95<\/td>increase<\/mark> of 37 cents per litre<\/td><\/tr>
Diesel 0.05% (wholesale)<\/td>decrease <\/mark>of 30 cents per litre<\/td><\/tr>
Diesel 0.005% (wholesale)<\/td>decrease <\/mark>of 36 cents per litre<\/td><\/tr>
Illuminating Paraffin<\/td>decrease<\/mark> <\/mark>of 19 cents per litre<\/td><\/tr>
LPGAS<\/td>decrease<\/mark><\/mark> of 46 cents per kg<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n

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

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. <\/p>\n\n\n\n

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. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n
\n\n\n\n

This is how the price changes will reflect at the pumps (Diesel prices reflect wholesale, pump prices will differ):<\/p>\n\n\n\n

Inland<\/strong><\/td>April Official<\/strong><\/td>May Official<\/strong><\/td><\/tr>
93 Petrol<\/td>R24.78<\/td>R25.15<\/mark><\/td><\/tr>
95 Petrol<\/td>R25.12<\/td>R25.49<\/mark><\/td><\/tr>
Diesel 0.05% (wholesale)<\/td>R22.45<\/td>R22.15<\/mark><\/td><\/tr>
Diesel 0.005% (wholesale)<\/td>R22.60<\/td>R22.24<\/mark><\/td><\/tr>
Illuminating Paraffin<\/td>R16.19<\/td>R16.00<\/mark><\/td><\/tr>
LPGAS (per kg)<\/td>R38.12<\/td>R37.66<\/mark><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
Coastal<\/strong><\/td>April Official<\/strong><\/strong><\/td>May Official<\/strong><\/strong><\/td><\/tr>
93 Petrol<\/td>R23.99<\/td>R24.36<\/mark><\/td><\/tr>
95 Petrol<\/td>R24.33<\/td>R24.70<\/mark><\/td><\/tr>
Diesel 0.05% (wholesale)<\/td>R21.66<\/td>R21.36<\/mark><\/td><\/tr>
Diesel 0.005% (wholesale)<\/td>R21.84<\/td>R21.48<\/mark><\/td><\/tr>
Illuminating Paraffin<\/td>R15.19<\/td>R15.00<\/mark><\/td><\/tr>
LPGAS (per kg)<\/td>R35.16<\/td>R34.70<\/mark><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
\n\n\n\n

Read: Interest rate hike warning for South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The Department of Mineral Resources and Energy has published the latest official fuel price adjustments, which will kick in from Wednesday, 1 May 2024.<\/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-769810","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\/769810","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=769810"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/769810\/revisions"}],"predecessor-version":[{"id":770089,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/769810\/revisions\/770089"}],"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=769810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=769810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=769810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}