Johannesburg – South Africans will face another steep fuel price hike from Wednesday, 6 May, with both petrol and diesel set to increase significantly, according to month-end data from the Central Energy Fund (CEF).
Petrol prices are expected to rise by about R1.88 per litre for both 93 and 95 Unleaded grades, while diesel could surge by around R4.03 per litre, marking a new record high.
The increases follow the government’s decision to extend temporary fuel tax relief measures – adding 93 cents for diesel and maintaining the current relief for petrol.
At the coast, motorists will pay roughly R24.41 per litre for 95 Unleaded petrol and R29.38 for diesel, while inland prices could reach R25.24 and R30.14 respectively.
The CEF said the hikes stem mainly from rising international oil prices, which have climbed above $113 per barrel amid stalled US-Iran peace talks. The rand’s impact on pricing remains minimal.
Officials warn that June and July could bring even sharper increases as South Africa’s temporary fuel tax reprieve is phased out – halved in June and removed entirely by July – restoring full General Fuel Levy rates of R4.10 on petrol and R3.93 on diesel.
The Department of Mineral and Petroleum Resources is expected to confirm the official adjustments early this week.
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Compiled by Betha Madhomu
