There's another petrol and diesel price cut on the cards this May

It’s about time that time of the week – time for another round of petrol and diesel price predictions, courtesy of the Central Energy Fund (CEF). With a little over two weeks left before the Department of Mineral Resources and Energy (DMRE) officially adjusts the fuel pumps locally, it’s safe to assume that everybody in SA has a fuel price cut to look forward to this May.

Good news for South African drivers

We should, however, remind you that the CEF’s predictions are just that – predictions. The CEF, a state-owned energy company, tracks the necessary economic factors that typically influence the price of fuel locally. The CEF gathers this data throughout any given month, which the DMRE then reviews at the end of the month to determine the monthly adjustments.

Specifically, the CEF keeps an eye on the price of unrefined oil globally as well as the current Rand/US Dollar exchange rate. Both of these, combined with the Self-Adjusting Slate Levy imposed on drivers, heavily influence the price of fuel in South Africa.

While the figures down below are not set in stone, they do still offer the most accurate representation of what South African motorists can expect to see at the pumps in the new month. The DMRE typically adjusts these pumps on the first Wednesday of each new month. In this case, that’ll fall on Wednesday, 7 May. We’ll continue to keep you updated throughout April.