The Department of Mineral Resources and Energy announced this afternoon that fuel prices will increase, but thanks to the extension of the temporary relief in the fuel levy, it is not as much as motorists expected.

According to the department, 93 octane petrol will increase by R2.43 per litre and 95 octane petrol will increase by R2.33 on June 1.

The price of 0.05% sulphur diesel will increase by R1.10 per litre while 0.005% sulphur diesel will increase by R1.07 per litre.

“The Rand depreciated against the US Dollar during the period under review, on average, when compared to the previous period. The average Rand/US Dollar exchange rate for the period April 28 to May 26, 2022 was 15.95 compared to 14.90 during the previous period. This led to a higher contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 99.49 c/l, 104.69 c/l and 104.47 c/l respectively,” the department said in a media statement.

The Minister of Finance announced earlier today that an extension of the temporary reduction in the general fuel levy by R1.50 per litre on both petrol and diesel would last until July 5.

Thereafter the relief will be reduced to 75c per litre until August 2.