Publications
Partners
Mid-month data from the Central Energy Fund (CEF) shows motorists can expect much the same fuel price change in May, as was seen in April
Prices are lining up for a fourth consecutive hike next month.
As in April, petrol prices are currently showing an under-recovery of around 30 c a litre,
Diesel is, however, showing the opposite – an over-recovery of around 28 c a litre – pointing to a price cut.
These are the expected changes:
- Petrol 93: increase of 30 c a litre
- Petrol 95: increase of 31 c a litre
- Diesel 0,05% (wholesale): decrease of 26 c a litre
- Diesel 0,005% (wholesale): decrease of 31 c a litre
- Illuminating paraffin: decrease of 19 c a litre
The CEF does not present daily snapshot data for LP Gas.
The Department of Mineral Resources and Energy (DMRE) has noted its daily snapshots are not predictive and do not encompass other possible modifications, such as slate levy adjustments or retail margin changes.
It determines these adjustments, considering various factors, at the end of the month.
Domestic fuel costs are primarily governed by the rand/dollar exchange rate and international oil prices.
In South Africa the fuel price is adjusted on the first Wednesday of every month based on these two factors.
For May, oil prices are again the main culprit behind the under-recovery in petrol, while the relatively stronger rand is helping to take the edge off.
