In a fortnight from now the new petrol and diesel prices for July 2023 will take effect. A look at the latest numbers from the CEF. Photo: Canva
REMINDER: How much you will pay for petrol and diesel TODAY
There was good and bad news for South African motorists when the official fuel price adjustments for May 2023 were confirmed.
In a fortnight from now the new petrol and diesel prices for July 2023 will take effect. A look at the latest numbers from the CEF. Photo: Canva
There was good and bad news for South African motorists on Tuesday when the Department of Mineral Resources and Energy published the official fuel price adjustments for May 2023.
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The wholesale diesel price was lowered at midnight on Tuesday, 2 May, but petrol got more expensive.
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Petrol prices increased by 37 cents per litre, while diesel dropped by between 48 cents and 74 cents per litre.
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PETROL AND DIESEL PRICE CHANGES
| Fuel | Price change |
|---|---|
| Petrol 93 | increase of 37 cents per litre |
| Petrol 95 | increase of 37 cents per litre |
| Diesel 0.05% | decrease of 74 cents per litre |
| Diesel 0.005% | decrease of 48 cents per litre |
| Illuminating Paraffin (wholesale) | decrease of 33 cents per litre |
| LPGAS | decrease of 444 cents per kilogram |
During the period under review, the price of oil increased from $79.24 a barrel to $82.20 over the past month, and the rand-dollar exchange rate saw the rand strengthen from R18.30/$ to R18.20.
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Meanwhile, due to an increase in the carbon levy of 1 cent a litre – which comes into effect this week – the general fuel levy of petrol and diesel will now be R3.96 a litre and R3.82, respectively.
How the price changes will reflect at the pumps INLAND and at the COAST:
| INLAND | April | May |
|---|---|---|
| 93 Petrol | R22.64 | R23.01 |
| 95 Petrol | R22.97 | R23.34 |
| 0.05% diesel (wholesale) | R20.89 | R20.15 |
| 0.005% diesel (wholesale) | R20.97 | R20.49 |
| Illuminating Paraffin | R14.72 | R14.39 |
| LPGAS (p/kg) | R37.76 | R33.32 |
| COASTAL | April | May |
|---|---|---|
| 93 Petrol | R21.92 | R22.29 |
| 95 Petrol | R22.25 | R22.62 |
| 0.05% diesel (wholesale) | R20.16 | R19.42 |
| 0.005% diesel (wholesale) | R20.26 | R19.78 |
| Illuminating Paraffin | R13.80 | R13.47 |
| LPGAS (p/kg) | R35.17 | R30.73 |
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