Petrol price expected to increase in May
Motorist are encouraged to brace themselves for an increase in fuel prices.
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MOTORISTS can expect to pay between one and six cents more for a litre of petrol next week.
This is according to the Central Energy Fund’s (CEF) data that shows an under-recovery for both 93 and 95 petrol.
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Diesel drivers, however, can expect a reprieve from price hikes, with the CEF showing an over-recovery for 0.05 per cent and 0.005 per cent at around 32 cents per litre.
- Petrol 95: increase of 6 cents per litre;
- Petrol 93: increase of 1 cent per litre;
- Diesel 0.05 per cent: decrease of 31 cents per litre;
- Diesel 0.005 per cent: decrease of 32 cents per litre;
- Illuminating paraffin: decrease of 26 cents per litre.
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According to the fund, while the mid-month data serves as a snapshot, the Department of Energy makes adjustments based on a review of the full period.
Prices are affected by two main components the rand/dollar exchange rate, and changes to international petroleum product costs, largely driven by oil prices. Product prices for petrol have remained high, but flat, contributing to an 18-23 cents per litre under-recovery in the price.
Expected increases:
Fuel (Inland) | April official | May expected |
95 Petrol | R17.32 | R17.38 |
93 Petrol | R17.10 | R17.11 |
0.05 per cent Diesel (wholesale) | R14.77 | R14.46 |
0.005 per cent Diesel (wholesale) | R14.80 | R14.48 |
Illuminating paraffin | R8.81 | R8.55 |
Caxton Local Media Covid-19 reporting
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