Mid-month data points to some relief at the pumps with a drop in diesel and less of a hike in petrol. Get the latest projected figures here.
Motorists can expect a “drop of relief” in petrol prices come April and the Easter holidays, with the latest data showing a somewhat smaller increase than the start of the month’s hefty hike.
Diesel users will – hopefully – see a marginal price cut at the pumps.
According to mid-month data from the Central Energy Fund (CEF), petrol prices are currently showing an increase of about nine to 10 cents a litre, while diesel is slated to come down by 34 and 38 cents for both grades in April.
This is down significantly from the over R1/litre under-recovery at the start of the month. Illuminated paraffin is expected to drop by about 47 cents a litre.
April fuel price: AA welcomes drop in diesel, paraffin
The Automobile Association (AA) welcomed the projected decrease in diesel and paraffin prices.
“The decrease in diesel and paraffin prices is certainly good news. Diesel is a big input cost in major sectors such as agriculture, mining, manufacturing and retailing, and an increase often means increased prices of basic commodities.
According to AA, if the rand/dollar exchange rate as well as the movement in international product prices, continues in its current downward trajectory, there is a likelihood that by the time the Department of Mineral Resources and Energy (DMRE) makes the official adjustment for April, the under-recovery will be significantly less and result in a much-needed price decrease.
April fuel price: Expected changes:
Petrol 93: Increase of 10 cents per litre;
Petrol 95: Increase of nine cents per litre;
Diesel 0.05% (wholesale): Decrease of 34 cents per litre;
Diesel 0.005% (wholesale): Decrease of 38 cents per litre; and
Illuminating paraffin: Decrease of 47 cents per litre.
