Relief for motorists as Petrol and diesel price decrease
- News
- June 5, 2023
- No Comment
- 15
Some good news as the Petrol and diesel prices are set for a massive decrease on Wednesday, 7 June 2023. The Department of Mineral Resources and Energy has published the official fuel price adjustments for June 2023.
Petrol prices will be decreasing by 71 cents per litre. Diesel, on the other hand, will be coming down by between 80 cents and 84 cents per litre.
The Department of mineral resources and Energy said the decreases were driven by lower international fuel prices. The Ministry of Finance approved an increase of 1.0 c/l in the petrol and diesel price structures. To allow the industry to recoup the levy payment for April 2023 with effect from 03 May 2023. However, this additional 1.0 c/l has been removed from the price structures of petrol and diesel with effect from 07 June 2023.
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PETROL AND DIESEL PRICE DECREASE
| Fuel | Price change |
|---|---|
| Petrol 93 | decrease of 71 cents per litre |
| Petrol 95 | decrease of 71 cents per litre |
| Diesel 0.05% | decrease of 84 cents per litre |
| Diesel 0.005% | decrease of 80 cents per litre |
| Illuminating Paraffin (wholesale) | decrease of 43 cents per litre |
| LPGAS | increase of 75 cents per kilogram |
With effect from 07 June 2023, the Fuel Levy will decrease to 395.0 c/l and 381.0 c/l, respectively, in the petrol and diesel price structures.
The average international product prices for Petrol, Diesel and Illuminating Paraffin decreased during the period under review.
How the price changes will also reflect at the pumps:
| Inland | May Official | June Official |
|---|---|---|
| 93 Petrol | R23.01 | R22.30 |
| 95 Petrol | R23.34 | R22.63 |
| 0.05% diesel (wholesale) | R20.15 | R19.31 |
| 0.005% diesel (wholesale) | R20.49 | R19.69 |
| Illuminating Paraffin | R14.39 | R13.96 |
| LPGAS (p/kg) | R33.32 | R34.07 |
