Zuko Komisa

This month, consumers should get some relief as the cost of fuel across all grades is predicted to decrease.
The Department of Mineral Resources and Energy (DMRE) made this announcement in a statement on Tuesday. It is anticipated that the price changes will go into effect on Wednesday, June 5, 2024.
“The average international product prices decreased following the lower Brent Crude oil prices during the period under review. Furthermore, petrol prices were also affected by the release of inventories by the US ahead of the Memorial holiday. The movement in product prices has led to a lower contribution to the Basic Fuel Price (BFP) of petrol by 76.16 c/l, diesel by 60.00 – 71.00 c/l and illuminating paraffin by 50.20 cents per litre.
“The Rand appreciated, on average, against the US Dollar (from 18.90 to 18.45 Rand per USD) during the period under review when compared to the previous one. This led to lower contributions to the Basic Fuel Prices of all products by about 30.00 cents per litre on all products,”
Department of Mineral Resources and Energy (DMRE)
The following are the decreases:
- Petrol 93 and 95 (ULP and LRP): R1,24 decrease.
- Diesel (0.05% sulphur): R1,18 cents decrease.
- Diesel (0.005% sulphur): R1,08 cents decrease.
- Illuminating Paraffin (wholesale): 80 cents decrease.
- Single Maximum National Retail Price for illuminating paraffin: R1,07 decrease.
- Maximum LP Gas Retail Price: R1,35 decrease.
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