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Energy|Resources
Energy|Resources
energy|resources

Petrol, diesel prices set for big decrease

An image showing petrol pumps

Petrol prices will decrease this month

Photo by Creamer Media

4th June 2024

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

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The Department of Mineral Resources and Energy has announced that both grades of petrol – 93 and 95 – will decrease by R1.24 a litre, with effect from June 5.

Diesel prices will also decrease by between R1.08 and R1.18 a litre.

The decreases are attributable to a decrease in the average Brent crude oil prices and the rand having appreciated against the dollar.

The cumulative slate amounted to a negative balance for petrol and diesel of R696.3-million at the end of April.

In line with the provisions of the self-adjusting slate levy mechanism, a slate levy of 4.38c/ℓ will be applicable in the price structures of petrol and diesel with effect from the June 5, which is a decrease of 17.54c/ℓ on the prices of both diesel and petrol. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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