It’s been a rough few months for the country’s petrol drivers. Numerous increases have plagued petrol pumps, with diesel drivers sipping on martinis for months, paid for with the savings made on their monthly fuel spend. Come June, however, both petrol and diesel drivers could both bask in the warm glow of happiness. Early predictions point towards a massive fuel price decrease across the board.
Don’t believe us? Then maybe you’ll believe the Central Energy Fund’s (CEF) latest predictions (captured on 5 May 2023), which are rarely ever wrong. What with June’s official petrol prices being more than four weeks away, there’s such a thing as being too optimistic. But there’s no harm in getting at least a little bit excited.
May the Eighth be with you
It’s worth mentioning that these figures are by no means official. These are the Central Energy Fund’s own predictions on the upcoming month’s fuel prices, decided by the current price of refined oil globally and the Rand/US Dollar exchange needed to purchase it. The true fate of the country’s petrol prices lies in the hands of the Department of Energy, who make their decision at the end of each month.
Here are the fuel price predictions (so far) for May 2023:
- Petrol 95: decrease of 108 cents per litre (R1.08)
- Petrol 93: decrease of 104 cents per litre (R1.04)
- Diesel 0.05%: decrease of 172 cents per litre (R1.72)
- Diesel 0.005%: decrease of 154 cents per litre (R1.54)
- Illuminating Paraffin: decrease of 105 cents per litre (R1.05)
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Again, these are simply the CEF’s own predictions, and aren’t indicative of the true prices that’ll reflect at the petrol pumps come Wednesday, 7 June. Hopefully, the conditions that might result in decreases across the board stick around for long enough to make it to the pumps.
Source: Central Energy Fund