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South African drivers are set to enjoy a welcome break from rising fuel costs, with petrol and diesel prices forecast to drop in May 2025.
According to the latest data released by the Central Energy Fund (CEF), significant over-recoveries in fuel pricing point to notable reductions at the pumps next month.
Oil Price Plunge Triggers Positivity
This development follows a sharp decline in international Brent crude oil prices, which have dipped by more than 16% in recent weeks, reaching lows not seen since early 2024.
The global dip, triggered by cooling geopolitical tensions and a weaker demand outlook in major economies, has effectively countered the impact of the slightly weaker rand.
Experts say the combination of lower crude oil prices and continued fuel price over-recoveries signals relief for both households and businesses grappling with inflationary pressure.
Expected Fuel Adjustments
If current trends hold until month-end, motorists can expect the following changes in pump prices:
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Petrol 95 Unleaded: Down by approximately 21 cents per litre
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Petrol 93 Unleaded: Down by around 19 cents per litre
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Diesel (0.005% and 0.05% Sulphur): Could drop by up to 38 cents per litre
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Illuminating Paraffin: Projected to decrease by 30 cents per litre
“These drops are good news, especially for commuters and logistics operators who have faced consistent cost increases over the past year,” said energy analyst Thabo Masina. “Even a modest reduction can ease pressure on transport costs and potentially slow inflation growth.”
Economic Impact
The anticipated price cut is expected to bring relief to sectors heavily reliant on transportation, including agriculture, retail, and logistics. With South Africa’s inflation rate hovering above 5%, lower fuel prices could help curb further hikes in food and service prices.
However, economists caution that global oil markets remain volatile, and short-term gains can be reversed quickly if geopolitical instability or production cuts resume.
Final Figures Coming Soon
The Department of Mineral Resources and Energy will announce the official petrol and diesel prices for May during the first week of the month.
Until then, the projected figures offer a hopeful outlook for consumers and businesses across the country.
As the country heads into the winter season, this fuel price relief may offer some breathing room — and a slightly easier ride — for millions of South Africans.
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