Motorists are to expect a hike in the fuel price this week, owing to volatility in the global oil market.
The Department of Mineral Resources and Energy (DMRE) is expected to release an official statement, before the new prices set in, on Wednesday, July 2nd.
The Central Fuel Fund said- Petrol 93 is going up by 55 cents a litre, Petrol 95 by 52 cents a litre, Diesel 0.05% (500ppm) by 82 cents a litre, Diesel 0.005% (50ppm) by 84 cents a litre and Illuminating Paraffin by at least 89 cents a litre.
The DMRE said another factor influencing prices, is the average Rand/US Dollar exchange rate for the period 30 May 2025 to 26 June 2025, which was 17.8443, compared to 18.1146, during the previous period.
Speaking about the last big jump in prices, back in February 2025, Henry van der Merwe, Chairman of the South African Petroleum Retailers Association (SAPRA), said the impact is often a “lose-lose situation” for both fuel retailers and consumers alike.
“When the fuel price increases, motorists naturally adapt by driving less and planning trips more carefully, which significantly reduces sales volumes for service stations. Even stations that buy on consignment, don’t benefit from these changes. It’s a tough environment where station owners often face shrinking margins.”