By: Natasha Archary

There’s some relief at the pumps for motorists as July fuel prices drop on Thursday, 04 July.
The Department of Mineral Resources and Energy announced the adjustment in the fuel prices, noting a decrease in the cost of international Brent Crude oil prices, as well as other factors.
Brent Crude oil fell from $82.98 to $82.24 per barrel driving a drop in fuel prices.
This is the second month fuel prices dropped significantly, following a R1.24 decrease in petrol in June.
The Rand appreciated slightly, on average, against the US Dollar (from 18.46 to 18.44 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 1.50 cents per litre on all products.
In line with the Working Rules to determine the Basic Fuels Prices (BFP), the 95 octane (unleaded) grade is the price-marker grade and the BFP-differential between 95 and 93 octanes is adjusted on the first Wednesday of each quarter. The BFP Octane differential has changed during the previous quarter and therefore the retail prices of 95 and 93 petrol octanes will be different in each fuel-pricing zone with effect from the 4th of July 2024.
Based on current local and international factors, the fuel prices for July 2024 will be adjusted as follows:
- Petrol 93 ULP & LRP: decrease by R1.05c/l
- Petrol 95 ULP & LRP: decrease by 99c/l
- Diesel 0.05% sulphur: 30c/l decrease
- Diesel 0.005% decrease by 24c/l
- Illuminating Paraffin drops by 18c/l
- Maximum LPGas: decreases by 22c/kg
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