Fuel price changing at midnight! Petrol is down but diesel spikes
For petroleum retailers, these pricing dynamics continue to erode already thin margins.
South African motorists are in for a mixed adjustment at the pumps this month, as the Department of Mineral Resources and Energy (DMRE) announces a decrease in petrol prices and LPG but a sharp increase in diesel and illuminating paraffin costs, effective from midnight today (August 5).
Commenting on the development, Lebo Ramolahloane, National Vice Chairperson of the South African Petroleum Retailers Association (SAPRA), a proud association of the Retail Motor Industry Organisation (RMI), said the August adjustment brings temporary relief for private motorists but poses serious challenges for transport operators and other diesel-reliant sectors.
ALSO READ: Diesel goes down, petrol goes up
Fuel price adjustments (effective August 6):
Petrol – retail price
· 93 ULP & LRP: 28.00 c/litre decrease
· 95 ULP & LRP: 28.00 c/litre decrease
Diesel – wholesale price
· 0.05% Sulphur: 65.00 c/litre increase
· 0.005% Sulphur: 63.00 c/litre increase
Illuminating paraffin
· Wholesale: 32.00 c/litre increase
· SMNRP: 43.00 c/litre increase
LPG
· Maximum retail price: 69.00 c/kg decrease
Ramolahloane explains that the mixed movements are the result of lower international petrol prices and some currency strength, countered by tighter diesel supply and shifts in international refining margins.
“Diesel’s steep increase is concerning, especially for the freight and agricultural sectors which are already under pressure.
“For petroleum retailers, these pricing dynamics continue to erode already thin margins and place pressure on operational sustainability,” he says.
While the petrol decrease is welcome, Ramolahloane cautions that the unpredictability of global oil markets and exchange rate fluctuations continues to impact South Africa’s fuel pricing month to month.
“We encourage motorists and businesses to stay informed and plan proactively as we navigate this volatile landscape,” he concludes.
ALSO READ: Diesel users to pay more while petrol users will pay slightly less from midnight
