South African motorists can expect another petrol price decrease this April

With just over a week to go before the Department of Mineral Resources and Energy (DMRE) adjusts the country’s official petrol and diesel prices for April, the Central Energy Fund (CEF) has provided residents with yet another predictive fuel snapshot, foretelling yet another price decrease across the board for all motorists this April.

Not a done deal

As ever, the DMRE will officially adjust the pumps on the first Wednesday of the new month. In this case, that’s Wednesday, 2 April. Until then, a lot can change, thanks to the two main economic factors that decide the price of fuel in SA. The CEF, a state-owned energy company reporting directly to the DMRE, tracks these factors daily to provide the most accurate summation of the coming changes.

Those factors involve the average Rand/US Dollar exchange rate throughout March, as well as the average price of unrefined oil globally. Should the Rand grow stronger throughout the month (or the Dollar weaken), South Africans can look forward to cheaper fuel prices at the pumps. The same goes for the price of unrefined oil – cheaper prices mean cheaper fuel prices for drivers locally.

We’ll keep you informed of any movements from the CEF until we’re officially out of the clear, which is typically the last Friday of any given month. Considering that we are only a couple of days away from the deadline, it is highly unlikely that much will change. That means you can expect to see similar price cuts at the pumps as early as next week.