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The Citizen reports that according to unaudited data from the Central Energy Fund (CEF), motorists are likely to pay at least R1 less for petrol from July, while diesel and illuminating paraffin prices are likely to drop by around 30cents/l and 25c/l respectively.
The Automobile Association (AA) said the fuel price drop would bring much-needed relief to “embattled consumers” when the Department of Mineral Resources and Energy (DMRE) officially adjusts prices for July next week. The adjusted fuel price for July comes into effect next Wednesday. A decrease in petrol prices in July will mark the first time this year that prices have fallen in two consecutive months. AA spokesperson Layton Beard commented: “Lower fuel prices will especially benefit South Africans with vehicles who will save a little on their monthly transport budgets. Consumers generally will also benefit as input costs won’t be negatively impacted and prices at the till are, therefore, unlikely to increase.” The AA added that if the expected decreases were realised, fuel pricing would be pushed back in line with pricing last seen in December 2023 when a litre of ULP95, for instance, was R23.25 inland.
- Read the full original of the report in the above regard by Faizel Patel at The Citizen
Get other news reports at the SA Labour News home page