{"id":863159,"date":"2026-06-09T15:00:00","date_gmt":"2026-06-09T13:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=863159"},"modified":"2026-06-09T15:38:34","modified_gmt":"2026-06-09T13:38:34","slug":"r1-10-per-litre-joy-for-petrol-prices-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/energy\/863159\/r1-10-per-litre-joy-for-petrol-prices-in-south-africa\/","title":{"rendered":"R1.10 per litre petrol price joy for South Africa"},"content":{"rendered":"\n

South African motorists are looking at relief at the pumps of over R1 per litre in July, as the over-recovery in prices looks firmer and prospects for the rand and global oil brighten.<\/p>\n\n\n\n

According to Investec Chief Economist, Annabel Bishop, even with the National Treasury’s termination of its fuel levy relief, fuel prices are finally tilting in motorists’ favour.<\/p>\n\n\n\n

This should ease rising inflation, she noted, while prospects of another interest rate cut next month should help strengthen the rand.<\/p>\n\n\n\n

“South Africa\u2019s Central Energy Fund over-recovery for petrol and diesel continues to show fuel price cuts in July, which will aid lower inflation,” Bishop said.<\/p>\n\n\n\n

With the National Treasury adding taxes fully back into prices from July, the petrol over-recovery will be offset by R1.50 per litre.<\/p>\n\n\n\n

Diesel’s over-recovery will be cut by R1.96 per litre. In both cases, however, the recoveries are still positive.<\/p>\n\n\n\n

Even though this will result in a smaller cut at the pumps, Bishop said any cut will help with inflation.<\/p>\n\n\n\n

“A declining, as opposed to increasing, fuel price is positive for inflation, while a 25bp hike in the repo rate is expected for July, which will further support the domestic currency,” she said.<\/p>\n\n\n\n

The rand has been resilient against the US dollar, despite volatile conditions in the Middle East.<\/p>\n\n\n\n

The local unit has been supported by a credit rating upgrade from ratings firm Fitch and better-than-expected Q1 2026 GDP numbers from Stats SA.<\/p>\n\n\n\n

These are the recoveries at 9 June:<\/p>\n\n\n\n