It’s that time of the month again, folks. Time for the Department of Mineral Resources and Energy to either uplift our spirits or absolutely shatter them into pieces. Normally, this is when we’d tell you to run for cover (and the nearest garage) but after June’s official update knocked R1+ off the prices across all grades of fuel, we feel a little more optimistic.
Thankfully, our optimism has paid off. The Department has maintained that same energy for July, bringing yet another month of cheaper petrol, diesel and paraffin with it. It marks the third petrol price decrease of 2024, which has regularly favoured the country’s diesel drivers – often leaving petrol drivers to fend for themselves with fuel prices above R25/l.
From Thursday, 4 July, onwards, petrol will instead hover around the R22-R23/litre mark.
Good news, everyone!
If you’d kept up with the Central Energy Fund’s (CEF) petrol price predictions throughout June as we have, the change probably won’t come as much of a shock. The CEF, a state-owned energy company reporting directly to the Department, is charged with tracking any mitigating economic factors daily that could rock fuel prices in SA ahead of the first Wednesday of any given month.
Specifically, that means keeping an eye on the current Rand/US Dollar exchange rate, and the price of refined oil globally. The Department, which is in charge of officially adjusting the prices, looks at all the same data to arrive at the figures seen below. Fear not, for it cannot artificially inflate these at the drop of a hat. It’s all down to those factors we mentioned earlier – though it does control the country’s slate levy mechanism.
This month’s slate levy will be decreased by 4.38c/l.
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From 00:01 on the morning of Thursday, 4 July, petroleum-based fuels will see the following changes:
- Petrol 93: decrease of 105 cents per litre (R1.05)
- Petrol 95: decrease of 99 cents per litre (R0.99)
- Diesel 0.05%: decrease of 30 cents per litre (R0.30)
- Diesel 0.005%: decrease of 24 cents per litre (R0.24)
- Illuminating Paraffin: decrease of 18 cents per litre (R0.18)
- LPGAS: decrease of 22 cents per kilogram (R0.22)
11 Comments
The data has not been published on the CEF website yet. How did you manage to get hold of this?
Good news indeed for decreased petrol price
Good news. It was always first Wednesday, so why is it on Thursday this month
Thank you Kevin, I thought I was going blind or can’t read properly. They make changes just like they want to and we must fit in or f@ck off.
Petrol price change on a thursday, really?
Yip, price will only go down on Thursday. Apparently something to do with the new ministers appointment.???
Change on Thursday?? Why am I not surprised. They do as they like in any case. Next month it will probably be on a Friday.
I hate it when they say BIG/MASSIVE petrol drop because it’s not big at all.
The dept says that the new petrol price kIcks in on Wednesday. Yet petrol stations are still charging the old price. What gives?
Why do we not benefit from Saudi low oil prices? Their Brics membership is of no value to us. Or are the corrupt ministers raking in the cash?
I’m not happy at all. When are the food prices going to drop accordingly?? R1.00 / Lit. less for petrol and then huge tariff increases on electricity!! We the public always suck on hind tit😭😭