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News24 Business | Petrol, diesel prices may still get cheaper – despite rand crash

Summary by News24
Despite a big decline in the rand, diesel and petrol prices are still on track for small cuts in the first week of May.

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News24 Business | Petrol, diesel prices may still get cheaper – despite rand crash

Despite a big decline in the rand, diesel and petrol prices are still on track for small cuts in the first week of May.

·South Africa
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CapeTown ETCCapeTown ETC

Fuel prices set to drop as rand bounces back

South African motorists could soon enjoy another round of fuel price cuts, with early indicators pointing to a decrease in both petrol and diesel costs for May. Business Tech reports that the drop follows global oil market shifts and a slight rebound in the rand, giving consumers a rare financial breather at the pumps. Data from the Central Energy Fund (CEF) shows an over-recovery in fuel prices, which hints at another price cut following April’…

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NOW in SANOW in SA

South Africa braces for another petrol price cut in May

Motorists across South Africa can expect some relief at the pumps in May, as current data suggests another round of fuel price cuts, extending a trend that began earlier this year. According to data from the Central Energy Fund (CEF), international product prices and an improving rand are driving the over-recovery in local fuel prices, although a few economic uncertainties still loom. Petrol and diesel prices are set to decrease next month, barr…

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smilefm.co.zasmilefm.co.za

Potential good news for May fuel prices, if rand plays along

The rand’s poor performance could derail good news about fuel prices for May.   Based on the latest, unaudited figures from the Central Energy Fund, petrol could become cheaper by up to 14 cents per litre – and diesel by around 35 cents per litre.  The cost of illuminating paraffin also shows a possible drop of around 27 cents per litre.     However, experts warn: if the rand continues to perform poorly, this […]

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smilefm.co.za broke the news in on Friday, April 11, 2025.
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