Latest news with #CentralEnergyFund
The South African
7 hours ago
- Business
- The South African
Dire fuel price projection to hit South Africa's motorists HARD
The latest official data confirms that bad news lies ahead for South Africa's motorists in July 2025, especially for diesel vehicle owners. Vehicle owners in South Africa saw a sizeable decrease in the cost of both petrol and diesel earlier this month and early signs were that there was even more good news ahead next month. However, that picture radically changed after Israel attacked Iran late last week, which resulted in the brent crude oil price rising and the rand weakening. While the picture is particularly grim when it comes to the diesel price forecast, petrol vehicle owners are also in for a shock at the pumps in the coming weeks. Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Thursday, 19 June. FUEL PRICE CHANGE Petrol 93 increase of 35 cents Petrol 95 increase of 38 cents Diesel 0.05% increase of 56 cents Diesel 0.005% increase of 58 cents Illuminating Paraffin increase of 45 cent If the market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate fluctuating and the oil price ever changing – an increase of 35 cents is expected for petrol 93 octane motorists and an increase of 38 cents for 95 users. Meanwhile, diesel motorists would see something between a 56 and 58 cents per litre increase. Finally, illuminating paraffin is expected to rise by 45 cents in price. FUEL PRICE IN SOUTH AFRICA 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 Oil price At the time of publishing the brent crude oil price is $77.24 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R18.03/$. The final overall price changes for both petrol and diesel will be confirmed early next month with the new prices taking effect at midnight on Tuesday, 1 July 2025. Go easy on the accelerator until then, Mzansi. INLAND June Petrol 93 R21.24 Petrol 95 R21.35 Diesel 0.05% R18.53 Diesel 0.005% R18.57 Illuminating Paraffin R12.49 COASTAL June Petrol 93 R20.45 Petrol 95 R20.56 Diesel 0.05% R17.70 Diesel 0.005% R17.81 Illuminating Paraffin R11.47 Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
a day ago
- Business
- The South African
Warning light for all diesel vehicle owners in South Africa
The latest official data suggests that bad news lies ahead for South Africa's motorists in July 2025, especially for diesel vehicle owners. Vehicle owners in South Africa saw a sizeable decrease in the cost of both petrol and diesel earlier this month and early signs were that there was even more good news ahead next month. However, that picture radically changed after Israel attacked Iran late last week, which resulted in the brent crude oil price rising and the rand weakening. While the picture is particularly grim when it comes to the diesel price forecast, petrol vehicle owners are also in for a shock at the pumps in the coming weeks. Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Wednesday, 18 June. FUEL PRICE CHANGE Petrol 93 increase of 25 cents Petrol 95 increase of 28 cents Diesel 0.05% increase of 39 cents Diesel 0.005% increase of 40 cents Illuminating Paraffin increase of 29 cent If the market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate fluctuating and the oil price ever changing – an increase of 25 cents is expected for petrol 93 octane motorists and an increase of 28 cents for 95 users. Meanwhile, diesel motorists would see something between a 39 and 40 cents per litre increase. Finally, illuminating paraffin is expected to rise by 29 cents in price. FUEL PRICE IN SOUTH AFRICA 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 Oil price At the time of publishing the brent crude oil price is $76.90 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R18.04/$. The final overall price changes for both petrol and diesel will be confirmed early next month with the new prices taking effect at midnight on Tuesday, 1 July 2025. Go easy on the accelerator until then, Mzansi. INLAND June Petrol 93 R21.24 Petrol 95 R21.35 Diesel 0.05% R18.53 Diesel 0.005% R18.57 Illuminating Paraffin R12.49 COASTAL June Petrol 93 R20.45 Petrol 95 R20.56 Diesel 0.05% R17.70 Diesel 0.005% R17.81 Illuminating Paraffin R11.47 Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
2 days ago
- Business
- The South African
Here's how bad the expected petrol price news is for July 2025
The latest official data now suggests that bad news lies ahead for South Africa's motorists in July 2025. Vehicle owners in South Africa saw a sizeable decrease in the cost of both petrol and diesel earlier this month and early signs were that there was even more good news ahead next month. However, that picture radically changed after Israel attacked Iran late last week, which resulted in the brent crude oil price rising and the rand weakening. Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Tuesday, 17 June. FUEL PRICE CHANGE Petrol 93 increase of 15 cents Petrol 95 increase of 18 cents Diesel 0.05% increase of 24 cents Diesel 0.005% increase of 25 cents Illuminating Paraffin increase of 15 cent If the market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate fluctuating and the oil price ever changing – an increase of 15 cents is expected for petrol 93 octane motorists and an increase of 18 cents for 95 users. Meanwhile, diesel motorists would see something between a 24 and 25 cents per litre increase. Finally, illuminating paraffin is expected to rise by 15 cents in price. FUEL PRICE IN SOUTH AFRICA 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 Oil price At the time of publishing the brent crude oil price is $76.16 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R18.10/$. The final overall price changes for both petrol and diesel will be confirmed early next month with the new prices taking effect at midnight on Tuesday, 1 July 2025. Go easy on the accelerator until then, Mzansi. INLAND June Petrol 93 R21.24 Petrol 95 R21.35 Diesel 0.05% R18.53 Diesel 0.005% R18.57 Illuminating Paraffin R12.49 COASTAL June Petrol 93 R20.45 Petrol 95 R20.56 Diesel 0.05% R17.70 Diesel 0.005% R17.81 Illuminating Paraffin R11.47 Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The Citizen
3 days ago
- Business
- The Citizen
Possible fuel price hike on the cards for July
Possible fuel price hike on the cards for July Brace for a possible bump at the pumps in July. Motorists could be paying more for fuel in July, as mid-month data from the Central Energy Fund reveals shifting trends driven by surging global oil prices and ongoing uncertainty in the Middle East. Pretoria Rekord reports that while the resilient Rand has mitigated some of the impact, early indicators suggest that fluctuating fuel costs may lie ahead. Here are the possible increases: Petrol 93: Increase of six cents per litre. Petrol 95: Increase of nine cents per litre. Diesel 0.05% (wholesale): Increase of 10 cents per litre. Diesel 0.005% (wholesale): Increase of 12 cents per litre. Illuminating paraffin: Increase of one cent per litre. The Department of Mineral Resources and Energy releases the official fuel prices a few days before they take effect. However, current data provides a reliable indication of the likely increase or decrease in fuel costs, even amid ongoing market uncertainty. Breaking news at your fingertips… Follow Caxton Network News on Facebook and join our WhatsApp channel. Nuus wat saakmaak. Volg Caxton Netwerk-nuus op Facebook en sluit aan by ons WhatsApp-kanaal. Read original story on At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
The Citizen
3 days ago
- Business
- The Citizen
Here's what you need to know about fuel prices in July
Here's what you need to know about fuel prices in July Pretoria motorists may want to brace for potential fuel price changes in July, as mid-month data from the Central Energy Fund reveals shifting trends driven by surging global oil prices and ongoing uncertainty in the Middle East. While the resilient rand has mitigated some of the impact, early indicators suggest that fluctuating fuel costs may lie ahead. Here is what you need to know: Petrol 93: increase of 6 cents per litre Petrol 95: increase of 9 cents per litre Diesel 0.05% (wholesale): increase of 10 cents per litre Diesel 0.005% (wholesale): increase of 12 cents per litre Illuminating paraffin: increase of 1 cent per litre The Department of Mineral Resources and Energy releases the official fuel prices only a few days before they take effect. Still, current data provide a reliable indication of the likely direction of fuel costs, even amid ongoing market uncertainty. Also read: Metro dismisses fake TMPD recruitment ads Do you have more information about the story? Please send us an email to bennittb@ or phone us on 083 625 4114. For free breaking and community news, visit Rekord's websites: Rekord East For more news and interesting articles, like Rekord on Facebook, follow us on Twitter or Instagram At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading! Stay in the know. Download the Caxton Local News Network App Stay in the know. Download the Caxton Local News Network App here
