The Department of Mineral Resources and Energy (DMRE) has announced a reduction in fuel prices across South Africa, set to take effect at midnight on Tuesday, 6 May 2025.
The adjustment comes amid a decline in international oil prices and despite a weaker rand during the review period.
According to the department, the price of both grades of petrol — 93 and 95 octane — will decrease by 22 cents per litre.
Diesel users will see even greater relief, with decreases of 42 cents per litre for 0.05% sulphur and 41 cents per litre for 0.005% sulphur diesel.
The wholesale price of illuminating paraffin will drop by 31 cents per litre, while the maximum retail price for LPGas will rise by 46 cents per kilogram.
Adjusted Fuel Prices (Effective 6 May 2025)
Inland (Gauteng):
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Petrol 93: R21.29 per litre
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Petrol 95: R21.40 per litre
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Diesel 0.05%: R18.90 per litre
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Diesel 0.005%: R18.94 per litre
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Coastal (Western Cape):
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Petrol 93: R20.50 per litre
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Petrol 95: R20.61 per litre
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Diesel 0.05%: R18.11 per litre
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Diesel 0.005%: R18.18 per litre
Factors Influencing the Price Adjustments
The DMRE attributed the decreases primarily to a drop in global crude oil prices, which fell from an average of $71.04 to $66.40 per barrel in April. However, the rand depreciated against the US dollar, moving from an average exchange rate of R18.30 to R18.84 during the same period.
“Despite the weakening of the rand, the reduction in oil prices contributed significantly to a net decrease in the basic fuel price of all petroleum products,” the department said in a statement.
The fuel price adjustments are based on a monthly review of international petroleum product prices and exchange rates, following a transparent regulatory framework.
Broader Economic Implications
Fuel price movements are closely watched by consumers and businesses alike, as they impact transport costs, inflation, and consumer spending. The latest decrease may provide some temporary relief to households and logistics operators grappling with broader economic pressures.
The DMRE is expected to announce the next round of fuel price adjustments in early June, based on prevailing market conditions.
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