fuel price SA June
The latest numbers suggest that there will be a significant petrol and diesel price decrease in South Africa early next month. Photo: Wikimedia Commons

Home » Fuel price: Early petrol and diesel numbers not looking good for July

Fuel price: Early petrol and diesel numbers not looking good for July

It’s still too early to tell what lies ahead for both petrol and prices in July 2023, but the latest data from the Central Energy Fund (CEF) doesn’t bode well for motorists in South Africa. ALSO READ | How much more to costs to fill your Porsche Cayenne in Gauteng compared to 2019 Below, the latest projections as received […]

12-06-23 12:43
fuel price SA June
The latest numbers suggest that there will be a significant petrol and diesel price decrease in South Africa early next month. Photo: Wikimedia Commons

It’s still too early to tell what lies ahead for both petrol and prices in July 2023, but the latest data from the Central Energy Fund (CEF) doesn’t bode well for motorists in South Africa.

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Below, the latest projections as received by The South African website from the CEF, effective Friday, 9 June 2023.

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FUEL PRICE CHANGE
Petrol 93 decrease of 7 cents
Petrol 95 increase of 2 cents
Diesel 0.05% increase of 8 cents
Diesel 0.005% increase of 3 cents
Illuminating Paraffin increase of 3 cents

If these market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate ever fluctuating and the oil price changing – a decrease of 7 cents is expected for petrol 93 octane motorists and an increase of 2 cents for 95 users.

Meanwhile, diesel motorists would see something between a 3 and 8 cents per litre increase.

Finally, illuminating paraffin is expected to rise by 3 cents.

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FUEL PRICE IN SOUTH AFRICA IMPACTED BY TWO MAIN FACTORS:

1. The international price of petroleum products, driven mainly by oil prices

2. The rand/dollar exchange rate used in the purchase of these products


Oil price

At the time of publishing the brent crude oil price is $73.73 a barrel.

Exchange rate

At the time of publishing the rand/dollar exchange rate is R18.59/$.

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The final overall price changes for both petrol and diesel will be confirmed in the weeks ahead with the new prices coming into effect at midnight on Tuesday, 4 July.

Go easy on the accelerator until then, Mzansi.


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The current JUNE 2023 petrol and diesel prices (Inland and Coastal):

INLAND June
Petrol 93 R22.30
Petrol 95 R22.63
Diesel 0.05% R19.31
Diesel 0.005% R19.69
Illuminating Paraffin R13.96
COASTAL June
Petrol 93 R21.58
Petrol 95 R21.91
Diesel 0.05% R18.58
Diesel 0.005% R18.98
Illuminating Paraffin R13.04

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