South Africans are likely to pay at least R1 less for petrol from July, while diesel and illuminating paraffin prices are likely to drop by around 30cents/l and 25c/l respectively, according to unaudited data from the Central Energy Fund (CEF) .
The Automobile Association (AA) said the fuel price drop will bring much-needed relief to embattled consumers when the Department of Mineral Resources and Energy (DMRE) officially adjusts prices for July next week.
The adjusted fuel price for July comes into effect next Wednesday, 3 July 2024.
A decrease in petrol prices in July will mark the first time this year that prices have fallen in two consecutive months.
Petrol price decreaseAA spokesperson Layton Beard said a second consecutive drop in petrol prices is good news for consumers, motorists, and the economy.
