In the month of July, there’s some good news for motorists across the country as petrol prices experience a slight decrease. However, diesel prices won’t be sharing the same relief. The adjustments in fuel prices in South Africa are influenced by both local and international factors. Here’s what to expect this month in terms of price shifts.
On the international front, the country imports both crude oil and finished products at prices dictated by the global market, including importation costs. As a result of these factors, most fuel prices will be going down, except for diesel. With the Department of Mineral Resources and Energy (DMRE) confirming the shifts ,petrol will decrease by 24 cents per litre for 93 ULP and LRP, while 95 ULP and LRP will see a decrease of 17 cents per litre.
Related: Fuel prices set to drastically decrease from today – 7 June 2023
Here’s a detailed breakdown of all the price shifts for July 2023:
- Petrol (both 93 ULP and LRP): 24.00 c/l decrease
- Petrol (both 95 ULP and LRP): 17.00 c/l decrease
- Diesel (0.05% sulphur): 18.00 c/l increase
- Diesel (0.005% sulphur): 12.00 c/l increase
- Illuminating Paraffin (wholesale): 4.00 c/l decrease
Price shifts for fuel will be effective from today, the 5th of July 2023. In case you missed the announcement, it’s worth noting that in June, the retail petrol prices experienced a decrease of 71 c/l. Additionally, the wholesale price of diesel also witnessed a decline ranging between 80c and 84c.
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