{"id":824226,"date":"2025-05-15T11:09:23","date_gmt":"2025-05-15T09:09:23","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=824226"},"modified":"2025-05-15T11:10:04","modified_gmt":"2025-05-15T09:10:04","slug":"here-is-the-expected-petrol-price-for-june-7","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/energy\/824226\/here-is-the-expected-petrol-price-for-june-7\/","title":{"rendered":"Here is the expected petrol price for June"},"content":{"rendered":"\n<p>South African motorists are in line for more petrol price relief in June, with mid-month data showing strong over-recoveries in pricing, paving the way for a cut.<\/p>\n\n\n\n<p>The latest data from the Central Energy Fund (CEF) points to an over-recovery of about 30 cents per litre in petrol prices and around double that for diesel.<\/p>\n\n\n\n<p>Should current market conditions persist for the remaining weeks of May, the means South Africans can expect a fourth consecutive cut in prices.<\/p>\n\n\n\n<p>This is thanks to a strengthening rand and global oil prices remaining under pressure.<\/p>\n\n\n\n<p>These are the projections at mid-month:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Petrol 93:<\/strong>\u00a0<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">decrease<\/mark>\u00a0<\/mark>of 30 cents per litre<\/li>\n\n\n\n<li><strong>Petrol 95:\u00a0<\/strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">decrease<\/mark>\u00a0<\/mark>of 30 cents per litre<\/li>\n\n\n\n<li><strong>Diesel 0.05% (wholesale):<\/strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">\u00a0<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">decrease<\/mark><\/mark>\u00a0of 60 cents per litre<\/li>\n\n\n\n<li><strong>Diesel 0.005% (wholesale):<\/strong>\u00a0<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">decrease<\/mark><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">\u00a0<\/mark>of 61 cents per litre<\/li>\n\n\n\n<li><strong>Illuminating paraffin:<\/strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">\u00a0<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">decrease<\/mark><\/mark>\u00a0of 63 cents per litre<\/li>\n<\/ul>\n\n\n\n<p>The CEF does not present daily snapshot data for LP Gas, so it is not currently possible to give the expected price for June.<\/p>\n\n\n\n<p>The daily snapshots from the CEF are not entirely predictive of the final fuel price adjustments, and the numbers may change by the end of the month.<\/p>\n\n\n\n<p>The Department of Petroleum and Mineral Resources only announces the final price a few days before the implementation date.<\/p>\n\n\n\n<p>However, the data does give a strong indication of where prices are headed, and things look positive for the coming month.<\/p>\n\n\n\n<p>While the over-recovery contribution from lower oil prices has reduced \u2014 or even reversed in the case of 95 petrol \u2014 this has been counter-acted by a strenthening rand.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Fuel-prices-Mid-May-2025.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"166\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Fuel-prices-Mid-May-2025-1024x166.jpg\" alt=\"\" class=\"wp-image-824229\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Fuel-prices-Mid-May-2025-1024x166.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Fuel-prices-Mid-May-2025-300x48.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Fuel-prices-Mid-May-2025-768x124.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Fuel-prices-Mid-May-2025.jpg 1132w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Rand is getting stronger<\/h2>\n\n\n\n<p>South Africa suffered severe rand weakeness in April due to the onset of US President Donald Trump&#8217;s trade war and the future of the Government of National Unity (GNU) being brought into question.<\/p>\n\n\n\n<p>In May, both these factors have subsided significantly, boosting the rand.<\/p>\n\n\n\n<p>Globally, the Trump administration has pulled back from many of the extreme acts of aggression on tariffs, especially against China.<\/p>\n\n\n\n<p>While trade tensions persist, markets have taken a more subdued view on the saga, with a semblance of calm returning.<\/p>\n\n\n\n<p>Investors who piled into safe-haven assets as uncertainty over global trade grew have returned to a risk-on position, boosting emerging market currencies like the rand.<\/p>\n\n\n\n<p>The dollar, meanwhile, is softer on returning expectations of interest rate cuts this year, with analysts anticipating at least two cuts from the US Fed in the coming months..<\/p>\n\n\n\n<p>Locally, the anxiety and uncertainty around the future of the GNU following a clash between the DA and ANC over the 2025 budget has mostly subsided.<\/p>\n\n\n\n<p>The National Treasury is expected to table a third budget on 21 May, with reports indicating that, this time, it is likely to have internal support from GNU partners, including the DA.<\/p>\n\n\n\n<p>Despite a reinforced commitment from parties to the GNU, markets are still assessing the situation with a degree of caution.<\/p>\n\n\n\n<p>Particularly as rifts between the DA and ANC on various policy matters appear to be widening.<\/p>\n\n\n\n<p>Nevertheless, the rand has regained a lot of its lost footing in April, pulling back from record highs of R19.93 to the dollar last month, to around R18.20 to the dollar in May.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Exchange-rate-mid-may-2025.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"338\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Exchange-rate-mid-may-2025-1024x338.jpg\" alt=\"\" class=\"wp-image-824228\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Exchange-rate-mid-may-2025-1024x338.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Exchange-rate-mid-may-2025-300x99.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Exchange-rate-mid-may-2025-768x253.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Exchange-rate-mid-may-2025.jpg 1115w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Oil prices are climbing<\/h2>\n\n\n\n<p>Aligning with the wider economic outlook on the trade war, global oil markets have also reversed their position since April.<\/p>\n\n\n\n<p>Following the onset of Trump&#8217;s trade war in early April, oil prices crashed below $60 a barrel as markets anticipated a global economic slowdown that would hit productivity.<\/p>\n\n\n\n<p>This came at the same time as markets anticipated a glut in supply. Over-supply and weak demand spelled doom for oil prices.<\/p>\n\n\n\n<p>However, as the Trump administration hit reverse on the worst of the tariffs and eased its aggression towards China, oil prices have recovered.<\/p>\n\n\n\n<p>While still broadly weaker, trading under $70 a barrel, the currently levels of just over $64 a barrel are higher than in April.<\/p>\n\n\n\n<p>According to Bloomberg analysis of the market, oil prices remain under pressure and trade will remain volatile as weaker demand is expected to persist.<\/p>\n\n\n\n<p>Wild swings in US foreign policy are also leaving markets punch-drunk.<\/p>\n\n\n\n<p>The latest is an apparent bout-turn from Trump, where in less than 24 hours, the narrative has shifted from the US imposing new sanctions on Iran to growing speculation that a diplomatic breakthrough may be within reach.<\/p>\n\n\n\n<p>\u201cIf a deal is concluded, it would increase the likelihood of a significant oversupply later this year, especially when combined with the planned production increases from OPEC+,&#8221; analysts said.<\/p>\n\n\n\n<p>Oil is still down by more than 14% this year, and US producers have said they expect little change in prices before the end of the year. <\/p>\n\n\n\n<p>Increased flows from Iran would add to a potential glut later this year after the Organization of the Petroleum Exporting Countries and its allies last month began restoring supplies idled since 2022. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/International-product-prices-mid-may-2025.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"366\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/International-product-prices-mid-may-2025-1024x366.jpg\" alt=\"\" class=\"wp-image-824227\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/International-product-prices-mid-may-2025-1024x366.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/International-product-prices-mid-may-2025-300x107.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/International-product-prices-mid-may-2025-768x275.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/International-product-prices-mid-may-2025.jpg 1113w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Expected petrol prices for June 2025<\/h2>\n\n\n\n<p>This is how the price changes will reflect at the pumps (Diesel prices reflect wholesale, pump prices will differ):<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-responsive\"><table class=\"table\" class=\"has-fixed-layout\"><tbody><tr><td><strong>Inland<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>May Official<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>June Expected<\/strong><\/td><\/tr><tr><td>93 Petrol<\/td><td class=\"has-text-align-center\" data-align=\"center\">R21.29<\/td><td class=\"has-text-align-center\" data-align=\"center\">R20.99<\/td><\/tr><tr><td>95 Petrol<\/td><td class=\"has-text-align-center\" data-align=\"center\">R21.40<\/td><td class=\"has-text-align-center\" data-align=\"center\">R21.10<\/td><\/tr><tr><td>Diesel 0.05% (wholesale)<\/td><td class=\"has-text-align-center\" data-align=\"center\">R18.90<\/td><td class=\"has-text-align-center\" data-align=\"center\">R18.30<\/td><\/tr><tr><td>Diesel 0.005% (wholesale)<\/td><td class=\"has-text-align-center\" data-align=\"center\">R18.94<\/td><td class=\"has-text-align-center\" data-align=\"center\">R18.33<\/td><\/tr><tr><td>Illuminating Paraffin<\/td><td class=\"has-text-align-center\" data-align=\"center\">R13.05<\/td><td class=\"has-text-align-center\" data-align=\"center\">R12.42<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-responsive\"><table class=\"table\" class=\"has-fixed-layout\"><tbody><tr><td><strong>Coastal<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong><strong>May Official<\/strong><\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong><strong>June Expected<\/strong><\/strong><\/td><\/tr><tr><td>93 Petrol<\/td><td class=\"has-text-align-center\" data-align=\"center\">R20.50<\/td><td class=\"has-text-align-center\" data-align=\"center\">R20.20<\/td><\/tr><tr><td>95 Petrol<\/td><td class=\"has-text-align-center\" data-align=\"center\">R20.61<\/td><td class=\"has-text-align-center\" data-align=\"center\">R20.31<\/td><\/tr><tr><td>Diesel 0.05% (wholesale)<\/td><td class=\"has-text-align-center\" data-align=\"center\">R18.11<\/td><td class=\"has-text-align-center\" data-align=\"center\">R17.51<\/td><\/tr><tr><td>Diesel 0.005% (wholesale)<\/td><td class=\"has-text-align-center\" data-align=\"center\">R18.18<\/td><td class=\"has-text-align-center\" data-align=\"center\">R17.57<\/td><\/tr><tr><td>Illuminating Paraffin<\/td><td class=\"has-text-align-center\" data-align=\"center\">R12.05<\/td><td class=\"has-text-align-center\" data-align=\"center\">R11.42<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>South African motorists are in line for more petrol price relief in June, with mid-month data showing strong over-recoveries in pricing, paving the way for a cut.<\/p>\n","protected":false},"author":10,"featured_media":714644,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[9068,19909,2171],"class_list":["post-824226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-central-energy-fund","tag-diesel-price","tag-petrol-price"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/824226","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=824226"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/824226\/revisions"}],"predecessor-version":[{"id":824234,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/824226\/revisions\/824234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/714644"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=824226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=824226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=824226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}