If the latest data from the Central Energy Fund is anything to go by, motorists can look forward to the price of petrol coming down. Diesel however is likely to go up.

The Central Energy Fund constantly assesses the price of both petrol and diesel, and based on the latest data, it looks like motorists could get some relief as the price of petrol could come down. It will come as a relief to many as it seems like the price of fuel has been increasing every single month.

However, diesel users are not so lucky, as the Central Energy Fund is suggesting that an increase is on the cards based on the current forecast. Right, so as the numbers stand, petrol could come down by 12 cents per litre. Sadly, increases of between 92c/l and 98c/l for diesel inland, increases of between 88c/l and 94c/l for diesel at the coast, increases of between 79c/l and 82c/l for illuminating paraffin

In early April 2022, the SA Minister of Finance, Enoch Godongwana, announced interventions to help bring relief to consumers and the wider industry. The General Fuel Levy is temporarily slashed by R1.50 per litre from Wednesday, 6 April 2022 to 31 May 2022. The General Fuel Levy for petrol will be reduced from the current R3.85 per litre to R2.35 per litre while the R3.70 levy for diesel will be reduced to R2.20 per litre.

The price of fuel is affected by the global oil price and the current exchange rate. With the Russia – Ukraine conflict and recent poor performance from the Rand against the US Dollar, expect further increases over the next few months.

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