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How much more you can expect to pay for petrol next week
Staff Writer26 July 2017
Motorists can expect to pay a touch more for petrol and diesel at the pumps in August, thanks mainly to the rand’s volatility against the dollar.
The latest information from the Department of Energy shows that the price of petrol 93 (ULP & LRP) in Gauteng could increase by 12.9 cents per litre on Wednesday, 2 August 2017, while the price of diesel with a 0.005% sulphur content is expected to rise by 26.6 cents per litre.
Independent economist, Fanie Brink, noted that the crude oil price dropped to $46.71 a barrel early in the month, but recovered quickly to $50.59 a barrel. The increases in the average international prices of petroleum products caused increases of a cent per litre in the price of petrol and 14.5 cents per litre in the price of diesel.
Brink said that the volatility in the daily average exchange rate during the past month between R/$13.54 and R/$12.86 added a further expected increases of 11.9 cents per litre to the petrol price and 12.1 cent per litre to the diesel price.
In mid-morning trade on Tuesday the rand held steady against the dollar at R13.03 in the absence of domestic data.
The final price changes are expected to be announced by the Department of Energy on Friday, 28 July 2017.
Here’s what you can expect to pay in August:
Fuel
July official
August expected
93 Petrol
R12.63
R12.76
95 Petrol
R12.86
R12.99
0.05% Diesel (wholesale)
R10.98
R11.25

Here is the expected petrol price for July 2017
By Staff WriterJune 15, 20173 Comments

Fuel prices are expected to fall sharply in July which will come as a relief for consumers currently in the grips of a recession.
Official figures released earlier this month showed that South Africa’s economy contracted by 0.7% (quarter-on-quarter, seasonally adjusted) during the first quarter of 2017.
This follows the 0.3% contraction during the last quarter of 2016 and pushes the country officially into a technical recession.
The latest information from the Department of Energy shows that the price of petrol 93 (ULP & LRP) in Gauteng could decline by 59.2 cents per litre, while the price of diesel with a 0.005% sulphur content could drop by as much as 59.6 cents per litre in July.
The price of petrol dropped by 25 cents at the beginning of June.
According to independent economist, Fanie Brink, the main reasons for these expected price changes can be attributed to the decrease in the crude oil price to almost $47 per barrel over the past week.
This, the economist said, is mainly because the US government’s data showed that crude oil and fuel stockpiles unexpectedly soared at a time of year when they normally drop.
Brink said that the average international petroleum product prices declined sharply over the past two weeks and could result in a 55.8 cents per litre decrease in the gasoline price and 56.3 cents per litre in the diesel price.
The strengthening in the exchange rate to about R12.70 against the US dollar could bring about further reductions of 3.4 cents per litre in the petrol price and 3.3 cents per litre in the diesel price next month.
The final price changes will be announced by the Minister of Energy towards the end of the month.
Here’s what you can expect to pay in June:
Fuel
June official
July expected
93 Petrol
R13.32
R12.73 (-0.59)
95 Petrol
R13.54
R12.95 (-0.59)
0.05% Diesel (wholesale)
R11.58
R10.98 (-0.60)