Big drop in SA fuel prices

Helena Wasserman - The petrol price (both 93 and 95 unleaded) in South Africa will be cut by 71c a litre tomorrow, while diesel will be lowered by either 80c or 84c al litre depending on the sulphur content.lluminating paraffin will be 43c a litre cheaper.South African fuel prices are largely determined by international oil costs and the rand exchange rate, as oil is priced in dollars.The rand took a large hit to a record low following US accusation that Russia received arms from South Africa. But the average Brent crude oil price fell from US$82.20 to US$75.90 a barrel.ChinaIn a statement, the department of mineral resources and energy said this was due to concerns about lower-than-expected economic growth in China, which will affect fuel demand. In addition, oil inventories grew faster than expected, while concerns about the US debt ceiling – which could have triggered a debt default and market chaos – also weighed on the oil price.The latest change brings the price of a litre of 95 unleaded petrol to R22.63 in Gauteng, compared to R24.17 a year before – and a record price of R26.74 in July last year.The wholesale diesel price is now R19.31 a litre in Gauteng. As recently as in November last year, diesel cost close to R25.50. Diesel is back to levels before the invasion of Ukraine caused a big spike in oil prices. – Fin24

Big drop in SA fuel prices

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Republikein 2026-06-22

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Big drop in SA fuel prices

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Republikein 2026-06-22

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