The Department of Mineral Resources and Energy has published the latest official fuel price adjustments, which will kick in from Wednesday, 3 July 2024.<\/p>\n\n\n\n
As has been the trend for much of June, fuel recoveries have been in motorists’ favour, with both petrol and diesel showing over-recoveries for the month.<\/p>\n\n\n\n
This has translated to much-needed relief at the pumps, with prices coming down by 99 cents to R1.05 per litre for petrol<\/strong> and between 24 and 30 cents per litre for diesel<\/strong>.<\/p>\n\n\n\n The table below outlines the changes:<\/p>\n\n\n\n The average Brent Crude oil price decreased from 82.98 US Dollars (USD) to 82.24 USD per barrel, during the period under review. The main contributing factors are the increased production by the US and other non-OPEC countries amid slow economic growth globally.<\/p>\n\n\n\n The average international product prices of petrol decreased following the lower brent crude oil prices during the period under review. The movement in product prices has led to a lower contribution to the Basic Fuel Price (BFP) of petrol by 93.66 – 99.65 c\/l, diesel by 17.55 \u2013 23.80 c\/l and illuminating paraffin by 16.87 cents per litre.<\/p>\n\n\n\n The Rand appreciated slightly, on average, against the US Dollar (from 18.46 to 18.44 Rand per USD) during the period under review when compared to the previous one. This led to lower contributions to the Basic Fuel Prices of all products by about 1.50 cents per litre on all products.<\/p>\n\n\n\n The cumulative slate amounted to a negative balance for petrol and diesel of R 1.15 billion at the end of May 2024. In line with the provisions of the Self-Adjusting Slate Levy Mechanism, a slate levy of zero cents per litre will be applicable in the price structures of petrol and diesel, which is a decrease of 4.38 cents per litre on the prices of both diesel and petrol.<\/p>\n\n\n\n In line with the Working Rules to determine the Basic Fuels Prices (BFP), the 95 octane (unleaded) grade is the price-marker grade and the BFP-differential between 95 and 93 octanes is adjusted on the first Wednesday of each quarter. <\/p>\n\n\n\n The BFP Octane differential has changed during the previous quarter and therefore the retail prices of 95 and 93 petrol octanes will be different in each fuel-pricing zone.<\/p>\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\nFuel<\/strong><\/td> Change<\/strong><\/td><\/tr> Petrol 93<\/td> decrease<\/mark>\u00a0of 105 cents per litre<\/td><\/tr> Petrol 95<\/td> decrease<\/mark> of 99 cents per litre<\/td><\/tr> Diesel 0.05% (wholesale)<\/td> decrease<\/mark>\u00a0<\/mark>of 30 cents per litre<\/td><\/tr> Diesel 0.005% (wholesale)<\/td> decrease<\/mark>\u00a0<\/mark>of 24 cents per litre<\/td><\/tr> Illuminating Paraffin<\/td> decrease<\/mark>\u00a0<\/mark>of 18 cents per litre<\/td><\/tr> LPGAS<\/td> decrease<\/mark>\u00a0of 22 cents per kg<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
\n\n\n\nInland<\/strong><\/td> June Official<\/strong><\/td> July Official<\/strong><\/td><\/tr> 93 Petrol<\/td> R23.91<\/td> R22.86<\/mark><\/td><\/tr> 95 Petrol<\/td> R24.25<\/td> R23.26<\/mark><\/td><\/tr> Diesel 0.05% (wholesale)<\/td> R20.96<\/td> R20.66<\/mark><\/td><\/tr> Diesel 0.005% (wholesale)<\/td> R21.15<\/td> R20.91<\/mark><\/td><\/tr> Illuminating Paraffin<\/td> R15.20<\/td> R15.02<\/mark><\/td><\/tr> LPGAS (per kg)<\/td> R36.31<\/td> R36.09<\/mark><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n Coastal<\/strong><\/td> June Official<\/strong><\/strong><\/td> July Official<\/strong><\/strong><\/td><\/tr> 93 Petrol<\/td> R23.12<\/td> R22.07<\/mark><\/td><\/tr> 95 Petrol<\/td> R23.46<\/td> R22.47<\/mark><\/td><\/tr> Diesel 0.05% (wholesale)<\/td> R20.17<\/td> R19.87<\/mark><\/td><\/tr> Diesel 0.005% (wholesale)<\/td> R20.39<\/td> R20.15<\/mark><\/td><\/tr> Illuminating Paraffin<\/td> R14.20<\/td> R14.02<\/mark><\/td><\/tr> LPGAS (per kg)<\/td> R33.35<\/td> R33.13<\/mark><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
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