South African motorists can look forward to substantial relief at the pumps from Wednesday, April 2, as both petrol and diesel prices are set to decrease.
Projected Price Reductions
According to unaudited month-end data from the Central Energy Fund (CEF), fuel prices are expected to drop as follows:
- Petrol: 93 Unleaded down by 64 cents per litre, 95 Unleaded down by 78 cents per litre.
- Diesel: 500ppm expected to decrease by 90 cents, while 50ppm should see a 92-cent drop.
With these reductions, the estimated fuel prices will be:
- Gauteng: 93 Unleaded at approximately R21.45 and 95 Unleaded at R21.56 per litre.
- Coastal Areas: 95 Unleaded around R20.77 per litre.
- Diesel: Wholesale price of 50ppm expected to be R18.53 at the coast and R19.29 inland.
The Department of Mineral Resources and Energy will confirm the official fuel prices early this week.
Factors Behind the Price Drop
The primary driver of this fuel price relief is a decline in international product prices, which contributed between 52 cents and 66 cents to the petrol price decrease and up to 80 cents to the diesel reduction. A slightly stronger rand also played a role, adding an estimated 12 cents to the positive pricing equation for April.
However, certain factors, such as the Slate Levy, could still influence the final pricing structure.
No Increase in Fuel Levies
In further good news for motorists, the General Fuel Levy and Road Accident Fund Levy will remain unchanged for the third consecutive year. Typically adjusted in April, these levies have a significant impact on fuel costs. However, carbon taxes on petrol and diesel will rise by three cents per litre, as announced by the Treasury.
Petrol Price Drop Lower Than Initially Expected
March saw international oil prices fluctuate significantly. At one point, Brent Crude hit a six-month low, dropping below $70 per barrel amid reports that OPEC+ planned to increase oil production. Earlier predictions suggested a petrol price cut of around R1, but later in the month, oil prices rebounded to $73 per barrel following threats by U.S. President Donald Trump to impose tariffs on Venezuelan oil importers, reducing the extent of the fuel price decrease.
Recent Fuel Price Trends
April’s fuel price cut follows a seven-cent decrease in March, which came after four consecutive months of price hikes.
Stay updated with IOL for the official petrol and diesel prices for April 2025.Significant Fuel Price Drops Expected for April
South African motorists can look forward to substantial relief at the pumps from Wednesday, April 2, as both petrol and diesel prices are set to decrease.
Projected Price Reductions
According to unaudited month-end data from the Central Energy Fund (CEF), fuel prices are expected to drop as follows:
- Petrol: 93 Unleaded down by 64 cents per litre, 95 Unleaded down by 78 cents per litre.
- Diesel: 500ppm expected to decrease by 90 cents, while 50ppm should see a 92-cent drop.
With these reductions, the estimated fuel prices will be:
- Gauteng: 93 Unleaded at approximately R21.45 and 95 Unleaded at R21.56 per litre.
- Coastal Areas: 95 Unleaded around R20.77 per litre.
- Diesel: Wholesale price of 50ppm expected to be R18.53 at the coast and R19.29 inland.
The Department of Mineral Resources and Energy will confirm the official fuel prices early this week.
Factors Behind the Price Drop
The primary driver of this fuel price relief is a decline in international product prices, which contributed between 52 cents and 66 cents to the petrol price decrease and up to 80 cents to the diesel reduction. A slightly stronger rand also played a role, adding an estimated 12 cents to the positive pricing equation for April.
However, certain factors, such as the Slate Levy, could still influence the final pricing structure.
No Increase in Fuel Levies
In further good news for motorists, the General Fuel Levy and Road Accident Fund Levy will remain unchanged for the third consecutive year. Typically adjusted in April, these levies have a significant impact on fuel costs. However, carbon taxes on petrol and diesel will rise by three cents per litre, as announced by the Treasury.
Petrol Price Drop Lower Than Initially Expected
March saw international oil prices fluctuate significantly. At one point, Brent Crude hit a six-month low, dropping below $70 per barrel amid reports that OPEC+ planned to increase oil production. Earlier predictions suggested a petrol price cut of around R1, but later in the month, oil prices rebounded to $73 per barrel following threats by U.S. President Donald Trump to impose tariffs on Venezuelan oil importers, reducing the extent of the fuel price decrease.
Recent Fuel Price Trends
April’s fuel price cut follows a seven-cent decrease in March, which came after four consecutive months of price hikes.
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