Enhanced Fuel Pump Relief for May

Starting on Wednesday, drivers in South Africa will benefit from a fresh reduction in fuel prices, as announced by the Department of Mineral and Petroleum Resources.

The price of 93-octane unleaded and 95-octane petrol will decrease by 22 cents per litre, while diesel prices will fall by 42 cents per litre.

Read: SA concerned about ‘insufficient’ strategic oil reserves

This is the third consecutive month of decreasing fuel prices.

In a statement released late Friday, the department noted that the average Brent Crude oil price dropped from $71.04 to $66.40 during the review period.

“The price decline is attributed to tariff and trade disputes instigated by the United States, raising worries about a global economic downturn and the possibility of reduced demand for crude oil, in addition to oversupply from non-Opec nations and anticipated production increases by Opec+ members.”

Read: April is forecasted to provide more fuel price relief

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