Motorists can take advantage of the current low fuel prices in Johannesburg as the Diesel price is set to adjust in Johannesburg, according to the latest data released by the Central Energy Fund.
The data released shows a decrease to the tune of around 15 cents for 93 Unleaded petrol and 7 cents for 95 Unleaded are looking likely for July.
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With that in mind, a lot can happen in the next ten days. A minor decrease could easily become a slight increase, but it’s unlikely that petrol prices will see a substantial movement either way.
On the diesel, the current month average is pointing to an increase of around 15 cents for 500ppm, but the latest daily data shows an even larger under-recovery which could see that figure shift closer to 30 cents or beyond, by June end if current trends persist.
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A liter of 95 Unleaded petrol currently sells at R21.91 at the coast and R22.63 in the inland regions, where the cheaper 93 ULP costs R22.30. At the beginning of this year a litre of 95 cost R20.75 at the coast.
The wholesale price of 50ppm diesel is currently listed at R18.99 at the coast, down from R20.78 in January. This is indeed good news for general inflation, given how many industries rely on diesel for transportation, and the predicted increase for July is unlikely to put too much weight on the development.
