The latest mid-month data shows that more good news should lie ahead for motorists in South Africa in early May.
However, subsequent to that, Donald Trump’s controversial trade tariffs played havoc with markets around the world.
While the rand weakened significantly in the aftermath of Trump’s announcement, it has strengthened in recent days.
In addition, the brent crude oil price has plummeted – which is never a bad thing for fuel prices!
Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Monday, 14 April.
| FUEL | PRICE CHANGE |
| Petrol 93 | decrease of 15 cents |
| Petrol 95 | decrease of 18 cents |
| Diesel 0.05% | decrease of 38 cents |
| Diesel 0.005% | decrease of 39 cents |
| Illuminating Paraffin | decrease of 31 cents |
If the market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate fluctuating and the oil price ever changing – a decrease of 15 cents is expected for petrol 93 octane motorists and a decrease of 18 cents for 95 users.
Meanwhile, diesel motorists would see something between a 38 and 39 cents per litre decrease.
Finally, illuminating paraffin is expected to drop by 31 cents in price.
