Fuel price decrease brings relief for consumers
The reductions will offer relief much-needed relief for struggling motorists in challenging economic times.
Motorists can expect another fuel decrease on Wednesday, May 7, the Department of Mineral and Petroleum Resources (SAPRA) confirmed.
According to Lebo Ramolahloane, national vice chairperson of SAPRA, the reductions will offer relief much-needed relief for struggling motorists in challenging economic times.
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Fuel price adjustments will be as follows:
* Petrol:
93 ULP and LRP: decrease 22.00 c/litre
95 ULP and LRP: decrease 22.00 c/litre
* Diesel:
0.05% Sulphur: decrease 42.00 c/litre
0.005% Sulphur: decrease 41.00 c/litre
* Illuminating paraffin:
Wholesale: decrease 31.00 c/litre
SMNRP: decrease 41.00 c/litre
* LPG (Liquefied Petroleum Gas):
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Maximum retail price: increase 46.00 c/kg
“In a fragile economy such as ours, this is a welcome development that could ease inflationary pressures and provide a short-term boost in consumer spending power,” said Ramolahloane.
He added that with petrol down by 22 cents and diesel by up to 42 cents, the impact is tangible.
According to Ramolahloane, LPG gas will be the only one to show a 46-cent per kilogram increase.
“For example, a motorist filling a 50-litre tank of 95 unleaded petrol will now save about R11 per fill.
“Diesel users, particularly in logistics and agriculture, stand to benefit from reductions of over R20 per tank,” he says.
Ramolahloane says these lower input costs can support food security and job retention in fuel-intensive sectors such as agriculture, logistics, and public transport.
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“For petroleum retailers, the increased volumes at service stations from consumers responding to lower pump prices are likely to provide a boost in revenue, particularly as retail margins remain stable.
“The global oil market is being influenced by geopolitical factors, notably the recent escalation in trade tensions between the United States and China.
“The re-imposition of tariffs by the US has disrupted oil demand, especially from China, a major Brent crude importer, leading to excess supply and driving down prices.
“While we welcome the current decline in prices, we must remain cautiously optimistic.
“Global market volatility and local political uncertainty under the newly formed Government of National Unity require close monitoring,” Ramolahloane concludes.
