South Africa

Petrol price cuts expected in June

Mid-month data published by the Central Energy Fund show that from Wednesday, 5 June, fuel prices could be down by as much as 77 cents a litre.

Data show petrol prices dropping down by a minimum of 61c a litre and diesel by 74c per litre, due to favourable market conditions.

Domestic fuel cost is primarily determined by the rand/dollar exchange rate and international oil prices.

In South Africa, the fuel price is adjusted on the first Wednesday of every month, based on these two factors.

The potential adjustments come against the backdrop of a reduction in international petroleum product prices and a strengthening rand/US dollar exchange rate.

Fuel prices in South Africa in June are anticipated to be adjusted as follows:

Petrol 93 – Decrease of 63c a litre
Petrol 95 – Decrease of 61c a litre
Diesel 0.05% – Decrease of 74c a litre
Diesel 0.005% – Decrease of 77c a litre
Illuminating paraffin – decrease of 69c a litre

The official figures announced by the Department of Energy next month may differ as it takes into account any potential change to taxes, transport cost, as well as wholesale and retail margins.

MasterDrive CEO Eugene Herbert said that as we head into the colder months and potentially much higher petrol prices, we must look at how to make petrol last longer. 

Ensure you reduce the effect winter can have on your petrol consumption in the following ways:

  • Tyre pressure: As temperatures drop, so does your tyre pressure, and as this decreases, so does your fuel economy. Additionally, if your area experiences slippery roads, they also become a danger. Check your tyre pressure first thing in the morning when they are coldest to get the most accurate reading if your car does not automatically monitor tyre pressure.
  • Park inside: If you have a garage, avoid the temptation to leave your car out overnight. When temperatures drop, engine fluids thicken and use more energy to thin out. Parking inside reduces this effect and your petrol consumption.
  • Warmups are unnecessary: as technology improves, the need to warm your car’s engine before driving has become excessive in most cars. Even if you need to warm the engine of your older model vehicle, it’s more effective to do that by driving slowly and carefully than leaving your car idling in the driveway.
  • Never forget: irrespective of whether it is winter or summer, remember the important tips for reducing your petrol consumption: remove unnecessary items from your car, ensure maintenance is up-to-date, drive petrol-efficiently, and remove anything from your car that reduces its aerodynamics.
  • Be prepared: If necessary, replace your air filter, particularly in older model vehicles. A dirty air filter can directly impact petrol consumption.

ALSO READ: Warning: Spiking hotspots now on main routes

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