While recent data suggests some encouraging news for motorists, early June could bring a mixed bag at the pumps, particularly for those driving petrol vehicles.
South Africans enjoyed noticeable fuel price drops earlier this month, thanks to a combination of a stronger rand and lower Brent crude oil prices.
However, with just over a week remaining before the official adjustments, current projections from the Central Energy Fund (CEF) indicate that another decrease isn’t guaranteed.
According to repotec figures received on Monday, 26 May, if current market trends were to hold steady, an unlikely outcome given ongoing fluctuations in the rand/dollar exchange rate and global oil prices, motorists could still see some relief:
- Petrol 93 and 95 octane: Possible decrease of 19 cents per litre
- Diesel: Potential decrease of approximately 50 cents per litre
- Illuminating paraffin: Expected to drop by around 54 cents per litre
What Influences South Africa’s Fuel Prices?
Two primary factors play a role in determining fuel prices each month:
- International petroleum product prices, largely driven by global oil market dynamics
- Rand/US dollar exchange rate, as fuel is purchased in dollars
At the time of writing, Brent crude is trading at $64.84 per barrel, while the rand stands at R17.88 to the dollar.
The Department of Mineral Resources and Energy is set to confirm the official price adjustments in early June, with changes taking effect at midnight on Tuesday, 3 June 2025.
Until then, Mzansi, it may be wise to drive a little lighter on the pedal.
