The Department of Petroleum and Mineral Resources has published the official fuel price adjustments that will take effect on Wednesday, 7 May 2025.<\/p>\n\n\n\n
April saw steep declines in global oil prices as markets got rattled by US President Donald Trump\u2019s tariffs and trade wars, while the rand weakened slightly amid the shocks.<\/p>\n\n\n\n
Despite the rand’s weakness, lower oil prices have translated to a cut in fuel prices in May, undone only slightly by a hike in taxes.<\/p>\n\n\n\n
Prices will be cut by 22 cents per litre for 93 and 95 petrol, respectively and between 41 and 42 cents per litre for diesel.<\/strong><\/p>\n\n\n\n The table below outlines the changes:<\/p>\n\n\n\n Local fuel prices are largely driven by international product prices, which are determined by global oil prices and the rand\/dollar exchange.<\/p>\n\n\n\n The average Brent crude oil price declined from $71.04 to $66.40 over the month.<\/p>\n\n\n\n “This was due to the tariff and trade war initiated by the US, which has raised global economic recession concerns and a possible lower demand for crude oil,’ the DMRE said in a statement.<\/p>\n\n\n\n Oil prices are under pressure as the risk of global recessions will weigh on fuel demand, while a shock OPEC+ decision to raise production has triggered sharp falls.<\/p>\n\n\n\n The average international product prices for petrol, diesel and illuminated paraffin decreased during the period under review.<\/p>\n\n\n\n The oil price weakness helped to neutralise an initial blowout in the rand-dollar rate, which almost reached R19.90 earlier this month.<\/p>\n\n\n\n This was due to shocks over new US tariffs and fears that the DA will leave the business-friendly government of national unity.<\/p>\n\n\n\n On average, the Rand depreciated against the US Dollar during the period under review compared to the previous period.<\/p>\n\n\n\n The average Rand\/US Dollar exchange rate from 28 March 2025 to 01 May 2025 was 18.8382, compared to 18.2957 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 29.13 c\/l, 30.34 c\/l, 30.24 c\/l, respectively.<\/p>\n\n\n\n During his March Budget speech, the Minister of Finance announced that the Fuel Levy on petrol and diesel will remain the same at 396.00 c\/l and 384 c\/l, respectively, while the Road Accident Fund (RAF) Levy on both petrol and diesel will remain at 218.00 c\/l in his Budget Speech on the 12th of March 2025.<\/p>\n\n\n\n However, the carbon fuel levy increased by 3.00 c\/l to 14c\/l for petrol and 17c\/l for diesel. Consequently, the fuel levies increased to 399.00 c\/l on petrol and 387.00 c\/l on diesel, which came into effect on 2 April 2025.<\/p>\n\n\n\n The slate levy remains unchanged at zero cents per litre in the price structures of petrol and diesel.<\/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\n The Department of Petroleum and Mineral Resources has published the official fuel price adjustments that will take effect on Wednesday, 7 May 2025.<\/p>\n","protected":false},"author":92,"featured_media":644669,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[853],"class_list":["post-823003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/823003","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\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=823003"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/823003\/revisions"}],"predecessor-version":[{"id":823006,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/823003\/revisions\/823006"}],"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=823003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=823003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=823003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Fuel<\/strong><\/td> Change<\/strong><\/td><\/tr> Petrol 93<\/td> decrease<\/mark> of 22 cents per litre<\/td><\/tr> Petrol 95<\/td> decrease<\/mark> of 22 cents per litre<\/td><\/tr> Diesel 0.05% (wholesale)<\/td> decrease<\/mark> of 42 cents per litre<\/td><\/tr> Diesel 0.005% (wholesale)<\/td> decrease<\/mark> of 41 cents per litre<\/td><\/tr> Illuminating Paraffin (Wholesale)<\/td> decrease<\/mark> of 31 cents per litre<\/td><\/tr> LPGAS<\/td> increase <\/mark>of 46 cents per kg<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n Other changes<\/h2>\n\n\n\n
\n\n\n\nInland<\/strong><\/td> April Official<\/strong><\/td> May Official<\/strong><\/td><\/tr> 93 Petrol<\/td> R21.51<\/td> R21.29<\/td><\/tr> 95 Petrol<\/td> R21.62<\/td> R21.40<\/td><\/tr> Diesel 0.05% (wholesale)<\/td> R19.32<\/td> R18.90<\/td><\/tr> Diesel 0.005% (wholesale)<\/td> R19.35<\/td> R18.94<\/td><\/tr> Illuminating Paraffin<\/td> R13.36<\/td> R13.05<\/td><\/tr> LPGAS (per kg)<\/td> R37.77<\/td> R38.23<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n Coastal<\/strong><\/td> April Official<\/strong><\/td> May Official<\/strong><\/td><\/tr> 93 Petrol<\/td> R20.72<\/td> R20.50<\/td><\/tr> 95 Petrol<\/td> R20.83<\/td> R20.61<\/td><\/tr> Diesel 0.05% (wholesale)<\/td> R18.53<\/td> R18.11<\/td><\/tr> Diesel 0.005% (wholesale)<\/td> R18.59<\/td> R18.18<\/td><\/tr> Illuminating Paraffin<\/td> R12.36<\/td> R12.05<\/td><\/tr> LPGAS (per kg)<\/td> R34.61<\/td> R35.07<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"