A large petrol price cut is predicted for July 2024 based on unaudited mid-month fuel price data released by the Central Energy Fund (CEF). See the fuel price forecast below! 

The recent trend of petrol price cuts are expected to continue into July 2024 as mid-month fuel price indicators are pointing to further cuts which is good news for local motorists. 

The latest data released by the Central Energy Fund (CEF) indicates that the price of 95 grade petrol could be slashed by around R1.10 per litre while 93 grade petrol might see cuts of around R1.15 per litre.  

The diesel price forecast is also positive with the price of 0.05% diesel projected to be slashed by about 46 cents per litre while 0.005% diesel could see cuts of around 40 cents per litre. The price of illuminating paraffin could be reduced by about 38 cents per litre.  

Lower international oil product prices have been the main contributing factor while the local South African elections have created general uncertainty during the period which has impacted on the Rand / US Dollar exchange rate. With the remainder of June still to come, the adjustments are likely to change with the final fuel price adjustment expected early in July 2024. 

South Africa Petrol Price Forecast for July 2024 

*July 2024 figures are forecast figures and not official.