Yup, it’s already July. As of yesterday, Earth reached 50% on the 2023 Progress Bar – an indicator that showed us our age like nothing else had. More specifically though, we’re two days away from the country’s next official petrol and diesel price change, taking effect at midnight this Wednesday, 5 July 2023.
Fortunately, The Department of Mineral Resources and Energy has published its changes a little earlier than usual, giving those who need it, time to prepare. Let’s just say… it won’t be the country’s petrol drivers that need to prepare.
If you’re curious as to how The Department of Mineral Resources and Energy decides the country’s petrol prices each month, it’s a similar process to that of the Central Energy Fund’s (CEF) petrol predictions throughout any given month. It involves looking at the average price of petrol, diesel and illuminating paraffin overseas, and the Rand/Dollar exchange used to buy it.
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Good news, everyone petrol drivers!
From 00:01 on the morning of Wednesday, 5 July, petroleum-based fuels will see the following decreases:
- Petrol 93: decrease of 24 cents per litre (R0.24)
- Petrol 95: decrease of 17 cents per litre (R0.17)
- Diesel 0.05%: increase of 18 cents per litre (R0.18)
- Diesel 0.005%: increase of 12 cents per litre (R0.12)
- Illuminating Paraffin: decrease of 4 cents per litre (R0.04)
Oh, buck up, diesel drivers. If we’re considering the Department’s history, an 18c and 12c increase is relatively tame. Should the Rand continue to appreciate against the dollar – as it did in June – we could see a decrease for both petrol and diesel. Or, you know, Eskom could bring back load shedding and ruin everyth- oh.
