Big Fuel Price Cuts Still On The Cards For South Africa In April

The minor fuel price cuts announced in early March are looking set to be followed by more significant decreases for both petrol and diesel in April.

Data from the Central Energy Fund CEF is pointing to petrol price decreases in the region of 93 cents for 95 Unleaded and 80 cents for 93 Unleaded, while diesel prices look set to go down by between 92 cents 500ppm and 94 cents 50ppm.

Should these predictions materialise, the price of 95 Unleaded will drop to around R20.60 at the coast and R21.40 inland, where 93 should land around the R21.25 mark.

The price of both grades of petrol came down by seven cents at the beginning of March. This followed increases of 82 cents in February , 19 cents in January , 17 cents in December and 25 cents in November .

The predicted price decreases for April come mostly as a result of lower international product prices, with a slightly stronger rand contributing about seven cents to the current over-recoveries on both petrol and diesel.