Mixed fortunes await motorists at the fuel pumps tomorrow after the fuel price adjustments were announced today by the Minister of Mineral and Petroleum Resources, Gwede Mantashe.
At midnight, the petrol price will decrease by 28c per litre (both 93 and 95 unleaded) whilst the price of diesel will increase by between 63c and 65c per litre, depending on the sulphur content. The price of paraffin will also increase by 32c per litre.
The Department of Mineral and Petroleum Resources said in a statement, the main reasons for the fuel price adjustments are due to fluctuations in crude oil prices, low stock in the US of diesel and paraffin, and the positive improvement in the Rand/Dollar exchange rate, among others.
Crude oil prices
The average Brent Crude oil price decreased slightly from 69.36 US Dollars (USD) to 69.06 USD during the period under review.
“The main contributing factor to the lower crude oil price is the decision by the Organization of the Petroleum Exporting Countries (OPEC) to increase production and the uncertainty caused by looming US trade tariffs including secondary tariffs which could affect global economic growth and demand for crude oil.”
International petroleum product prices
The prices of diesel and paraffin increased due to low stocks in the US, unplanned refinery shutdowns and closures of refineries in the EU which have resulted in tight supply.
“This led to lower contributions to the Basic Fuel Prices (BFP) of petrol by 23.49 cents per litre (c/l), and higher contributions to the BFP of diesel and illuminating paraffin by 69.94 c/l and 35.57 c/l respectively. The prices of Propane and Butane decreased during the period under review,” the statement read.
Rand/US Dollar exchange rate
The statement noted that the Rand appreciated on average, against the US Dollar (USD), (from 17.84 to 17.76 Rand per USD) during the period under review when compared to the previous one.
“This led to lower contributions to the Basic Fuel Prices of petrol by between 4.00 – 5.00 cents per litre on all products,” it further noted.
Implementation of the Slate Levy
The cumulative slate amounted to a positive balance of R3.707 billion for petrol and diesel at the end of June 2025. In line with the provisions of the Self-Adjusting Slate Levy Mechanism, the slate levy remains unchanged at zero cents per litre in the price structures of petrol and diesel with effect from the 6th of August 2025.
The Maximum Refinery Gate Price for LPGas
The Maximum Refinery Gate Price of LPGas that is imported through the Port of Saldanha Bay will be R14,633.10 and the Maximum Retail Price (MRP) of LPGas in Western Cape will be R35.30 effective from the 6th of August 2025.
According to the statement, fuel prices for the month of August are as follows:
- Petrol 93 (ULP & LRP): Twenty-eight cents per litre (28.00 c/l) decrease.
- Petrol 95 (ULP &LRP): Twenty-eight cents per litre (28.00 c/l) decrease.
- Diesel (0.05% sulphur): Sixty-five cents per litre (65.00 c/l) increase.
- Diesel (0.005% sulphur): Sixty-three cents per litre (63.00 c/l) increase.
- Illuminating Paraffin (wholesale): Thirty-two cents per litre (32.00 c/l) increase.
- SMNRP for IP: Forty-three cents per litre (43.00 c/l) increase.
- Maximum Retail Price of LPGas: Sixty-nine cents per kilogram (69.00 c/kg) decrease and seventy-eight cents per kilogram (78.00 c/kg) decrease in the Western Cape.
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