South African motorists will pay less at the pumps from Wednesday, 1 July, following the latest official fuel price adjustments announced by the Department of Petroleum and Mineral Resources.
The decrease comes after international oil prices declined during June, with Brent crude falling to around \$75 per barrel by the end of the month. The drop followed a ceasefire agreement between the United States and Iran, which reopened the Strait of Hormuz and eased concerns over global oil supply.
Markets have responded positively to the reduced tensions, while increased oil production has further supported lower crude prices. At the same time, the South African rand remained relatively strong against the US dollar throughout June, helping to reduce the cost of imported fuel.
By the end of the month, fuel price recoveries had reached approximately R3.00 per litre for petrol and R5.00 per litre for diesel. However, motorists will not receive the full benefit of these recoveries after the National Treasury ended the temporary fuel levy relief introduced earlier this year.
From 1 July, the remaining R1.50 per litre fuel levy reduction on petrol and R1.97 per litre on diesel will be reinstated. As a result, the expected price reductions have been partially offset.
Official Fuel Price Adjustments – Effective 1 July
| Fuel | Change |
|---|---|
| Petrol 93 | Decrease of R2.01 per litre |
| Petrol 95 | Decrease of R1.96 per litre |
| Diesel 0.05% (Wholesale) | Decrease of R3.14 per litre |
| Diesel 0.005% (Wholesale) | Decrease of R3.59 per litre |
| Illuminating Paraffin (Wholesale) | Decrease of R5.23 per litre |
| LPGAS (Gauteng) | Increase of 16 cents per kg |
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