Diesel drivers may finally catch a break as June fuel price cuts loom

We (and we’re guessing many of you) are still traumatised after the official fuel price adjustments. And yet, the Central Energy Fund (CEF) marches on, delivering another batch of predictions — this time for June. And, you know what? It seems that the country’s diesel drivers might be cut a bit of slack. Petrol drivers… not so much.

Good news for diesel drivers this June

That seems fair, considering what the country’s diesel drivers have gone through these last couple of months. Now, it won’t put everything right — the expected R2.48/l decrease is a drop in the bucket compared to the R7/l and R5/l hikes they previously dealt with. Still, it’s a start, with the coming weeks potentially growing that figure.

See, the figures below aren’t final and are subject to change. The CEF, in conjunction with the Department of Mineral and Petroleum Resources (DMPR), track the economic factors that influence the price of fuel. Using this data, the CEF provides a predictive fuel price snapshot every day of the week. These were captured on 7 May.

Those factors typically involve the average price of oil globally, as well as the average Rand/US Dollar exchange. Higher oil prices, as the world has experienced for several months now, typically lead to higher fuel prices.

It’s worth mentioning that the CEF does not provide snapshot details for LP Gas. These adjustments will be revealed alongside the official fuel prices. That typically happens on the first Wednesday of any given month. In this case, that’ll fall on Wednesday, 3 June. The DMPR typically publishes the adjustments a day or two before.