Fuel price change: Here’s WHEN in April you can expect cheaper petrol and diesel

The next petrol and diesel price change for long-suffering South African motorists will come into effect at 00:01 on Wednesday, 5 April.

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At the time of publishing, that’s a little over 11 days from now.

Go easy on the accelerator until then!

The exact price change – hopefully a decrease for both petrol and diesel – will be announced no later than Monday, 3 April.

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Meanwhile, it’s still too early to predict what lies ahead for diesel and petrol prices in April, but the latest data from the Central Energy Fund (CEF) looks good for both petrol and diesel motorists.

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Looking ahead, fluctuations in international product prices and rand weakness show the following under-recoveries (price increases) or over-recoveries (price decreases) for petrol and diesel as per data at 23 March 2023.

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FuelPrice changePetrol 93decrease of 2 cents per litrePetrol 95decrease of 1 cents per litreDiesel 0.05%decrease of 60 cents per litreDiesel 0.005%decrease of 61 cents per litreIlluminating Paraffin (wholesale)decrease of 119 cents per litre

If these market conditions were to remain constant for the rest of the month – an unlikely scenario with the rand/dollar exchange rate ever changing and the oil price fluctuating – a decrease of 2 cents is expected for 93 octane motorists and a decrease of 1 cents for 95 users.

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Meanwhile, diesel motorists would see something between a 60 to 61 cent per litre decrease.

FUEL PRICE IN MZANSI 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

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Exchange rate

At the time of publishing the rand/dollar exchange rate is R18.20/$.

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Oil price

At the time of publishing the brent crude oil price is $74.96 a barrel.

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The final overall price changes for both petrol and diesel will be confirmed in the coming weeks with the new prices coming into effect at midnight on Tuesday, 4 April.

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Go easy on the accelerator until then, Mzansi.

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The current prices at the pumps (Inland and Coastal):

InlandMarch93 PetrolR22.6595 PetrolR22.950.05% diesel (wholesale)R21.630.005% diesel (wholesale)R21.72Illuminating ParaffinR15.97LPGAS (p/kg)R38.68

CoastalMarch93 PetrolR22.0095 PetrolR22.300.05% diesel (wholesale)R20.970.005% diesel (wholesale)R21.08Illuminating ParaffinR15.18LPGAS (p/kg)R36.10

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Source: The South African | Read More