By Mapaballo Borotho

- South African motorists could see a decrease in petrol prices in August, according to the latest fuel price data.
- Diesel prices remain under pressure amid rising global oil prices and geopolitical tensions.
- The ongoing conflict in the Middle East and the return of the full General Fuel Levy continue to influence fuel costs.
A few weeks ago, South Africans were celebrating the possibility of yet another fuel price cut. However, those hopes have weakened as escalating tensions in the Middle East continue to push global oil prices higher.
The latest fuel price data from the Central Energy Fund (CEF) shows that petrol is still enjoying healthy over-recoveries, while diesel has moved deeper into under-recovery territory.
The ongoing conflict between Iran, Israel and the United States remains one of the key factors contributing to uncertainty around fuel prices.
According to reports, energy traders are closely monitoring developments around the Strait of Hormuz, one of the world’s most important oil shipping routes.
Any disruption in the area could tighten global fuel supplies and potentially push crude oil prices even higher.
Another factor putting pressure on fuel prices is the return of the full General Fuel Levy.
The temporary tax relief introduced by National Treasury has ended, meaning motorists are once again paying the full levy.
Here’s how much motorists can expect to pay for fuel next month:
Inland fuel prices
- Unleaded 95 petrol: Expected to decrease from R26.10 to R25.20 (a decrease of R0.90)
- Unleaded 93 petrol: Expected to decrease from R25.94 to R24.99 (a decrease of R0.95)
- 50ppm diesel: Expected to remain unchanged at R25.16
- 500ppm diesel: Expected to increase from R24.78 to R25.02 (an increase of R0.24)
Coastal fuel prices
- Unleaded 95 petrol: Expected to decrease from R25.23 to R24.33 (a decrease of R0.90)
- Unleaded 93 petrol: Expected to decrease from R25.15 to R24.20 (a decrease of R0.95)
- 50ppm diesel: Expected to remain unchanged at R24.41
- 500ppm diesel: Expected to increase from R23.91 to R24.15 (an increase of R0.24)
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