Prices of both petrol and diesel will increase.
South African motorists have been given a shock and this week the pumps will have to put more fork for petrol and diesel.
Petrol and diesel prices are expected to rise from midnight on Tuesday.
Petrol and Diesel Price
The Department of Mineral Resources and Energy (DMRE) announced that the price of 93-octane petrol would increase by 55 cents per liter, while 95-octane petrol will increase 52 cents per liter.
The price of diesel with 0.05% sulfur increases by 82 cents per liter, and 0.005% sulfur increases by 84 cents per liter.
Meanwhile, the cost of light paraffin will cost 65 cents per liter, while the price of LP gas is 57 cents per kg of country-wide, except for the western cape, where it will increase to R1.90 per kg.
Also read: SA will be ‘catalyst’ for upliftment of F1 motorsport, McKenzie says
What will be the cost of fuel?
When the fuel price adjusts the adjustment, the cost of one liter of 93 unleaded petrol will be R21.95 per liter, while 95 will be the 95 unleaded R22.03
The wholesale price of 0.05% diesel will decrease to R19.50 per liter, and 0.005% will cost R19.57
Due to growth
DMRE Spokesperson Robert Make said that several factors, including international petroleum product prices and rand-US dollars (USD) exchange rate, contributed to the decrease in petrol and diesel prices.
Crude oil price
Makke said that the price of average brent crude oil increased from US $ 63.95 to US $ 69.36 during the period.
“The main contribution factor is the recent geo political tension between Israel and Iran in the Middle East, which feared disruption of potential crude oil supply.”
Also read: New Subaru Forester coming to South Africa
Rand/US Dollar Exchange
Make said that Rand appreciated the USD (18.11 to 17.84 rand per USD) during the period as compared to the previous one.
“This contributed more than 15.00 C/L, diesel and paraffin to more than 16.00 cents per liter in basic fuel prices of petrol.”
Slate levy
Make said that the cumulative slate is a positive balance of R5.213 billion for petrol and diesel at the end of May 2025.
“According to the provisions of the self-proclaimed slate levy mechanisms, the slate levy remains unchanged at zero cents per liter in the price structures of petrol and diesel with effects from 2 July 2025”.
Supply cost recovery
Make said that there is also an implementation of supply cost recovery on the maximum refinery gate price (MRGP) for imported LPGAS through the port of Saladana Bay in western Cape province.
“The minister has approved a 14% increase in supply cost recovery on the MRGP of LPGAS that is imported through the port of the port, which is an interim measure, for a period of twenty -four (24) months,” said McKay.
Also read: The purpose of the Cape Town F1 Grand Prix proposal is to construct the World Cup heritage