Fuel prices: More pain in store at the pumps
· The South African
Earlier in May, the Department of Petroleum and Mineral Resources confirmed significant adjustments to the fuel prices driven by volatile global oil markets.
Petrol shot up by R3.27 per litre, while diesel increase by a sharper R6.19 per litre, marking one of the biggest monthly jumps in recent memory.
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Now, despite some hopes that diesel might see some relief, the latest projections suggest that both petrol and diesel users will face substantial increases in June.
Petrol could rise another R2.20 per litre, while motorists may have to fork out at least R2.50 more per litre for diesel.
In April, the National Treasury introduced a temporary R3.00/litre reduction in the General Fuel Levy, but that could expire or begin phasing out on 2 June.
- Petrol: The relief drops from R3.00 to R1.50. This automatically adds R1.50/litre to the June price, regardless of what oil does.
- Diesel: The relief drops from R3.93 to R1.96. This adds R1.97/litre to the June price.
FUEL PRICE IN SOUTH AFRICA IMPACTED BY TWO MAIN FACTORS:
1. The international price of petroleum products, driven mainly by oil prices
2. The rand/dollar exchange rate used in the purchase of these products
Oil price
At the time of publishing the brent crude oil price is $106.50 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R16.49/$.
May 2026 petrol and diesel prices (Inland and Coastal):
INLANDAprilMayPetrol 93R23.25R26.52Petrol 95R23.36R26.63Diesel 0.05%R25.90R32.09Diesel 0.005%R26.11R32.30Illuminating ParaffinR24.21R28.43 COASTALAprilMayPetrol 93R22.46R25.73Petrol 95R22.53R25.80Diesel 0.05%R25.07R31.26Diesel 0.005%R25.35R31.54Illuminating ParaffinR23.16R27.38How will these latest price increases impact you?
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