NATIONAL NEWS - April is set to bring good news for motorists as South Africa’s fuel prices are expected to drop significantly.
The latest estimate from the Central Energy Fund shows that the price of 95 unleaded petrol is due for a cut of 95c per litre, while the wholesale price of diesel could be lowered by between 91c and 95c a litre.
These surprise cuts are due to several factors, including international oil costs and the rand exchange rate, as oil is priced in dollars.
The Brent crude oil price has fallen from around $73 a barrel at the start of the month to a low point of around $68, amid concerns over a glut of oil in the market.
Meanwhile, the rand is trading around its best levels in 2025, as the dollar remains under pressure. From above R19/$ at the start of February, it is currently trading around R18,06/$.
The weak oil price and strong rand will help to cushion a 3c/litre hike in the carbon fuel levy — to reach 14c/litre for petrol and 17c/litre for diesel — that takes effect from 2 April. The revised budget, which was tabled last week, has left other fuel levies unchanged.
At the beginning of this month petrol prices were lowered by 7c, while wholesale diesel prices fell by between 17,5c and 23,5c a litre.
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