Following a spate of petrol price increases during the first half of 2024, petrol and diesel prices will decrease again in July, the Department of Mineral Resources and Energy has confirmed.
From Wednesday, June 3, the price of 93 Unleaded petrol will drop by R1.05 and 95 Unleaded by 99 cents per litre, while diesel will come down by between 30 cents (500ppm) and 24 cents (50ppm). Illuminating paraffin comes down by 18 cents.
Consumers will now pay R22.47 for a litre of 95 Unleaded petrol at the coast and R23.26 in the inland regions, while 93 Unleaded petrol will retail for R22.86.
The wholesale price of 50ppm diesel will fall to R20.15 at the coast and R20.91 inland, keeping in mind that the unregulated retail prices will be more than R2 higher than that at the fuel stations.
Julys fuel price relief comes largely as a result of lower international oil prices during June, although a stronger rand in the latter parts of the month helped to balance the scales as oil prices rose to around the $85 (R1,530) per barrel mark. The Slate Levy contributed four cents to the price cuts.
