Petrol prices set to decrease, while diesel prices will rise significantly

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Petrol engine vehicle owners will feel some relief at the fuel pumps from Wednesday, 4 April 2022, with the price of all grades of petrol set to decrease. 

This, however, will not extend to diesel, paraffin or gas consumers, with the aforementioned set to rise.

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The expected fuel and gas tariffs adjustments for May are:

  • A 12c decrease in all grades of petrol
  • Diesel 0.05% Sulphur is expected to increase by 98c per litre
  • An increase of 92c per litre is expected for diesel 0.005% Sulphur
  • Wholesale illuminating paraffin is on the up by at least 79c
  • The retail price for illuminating paraffin will increase by some R1,49
  • The Maximum LP Gas retail price will go up by at least 69c per kilogram.

Mineral Resources and Energy Minister Gwede Mantashe explained that several factors have contributed to the price adjustments.

“The average Brent Crude oil price decreased from 109.37 US Dollars (USD) to 104.78 USD during the period under review.”

Moreover, Mantashe said that the average international product prices of petrol decreased, while diesel and Illuminating Paraffin increased. “This is because there is still a shortage of diesel supply which is due to lower exports from Russia as a major exporter of distillate fuel, low inventories globally as well as higher demand for distillates.”

With a notable change earmarked for the fuel prices, what are your thoughts? 

Share your views in the comment section below.

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