Unaudited mid-month fuel data from the Central Energy Fund (CEF) is indicating a decrease in prices for all fuels in July, with ULP93 showing the biggest decrease.
However, the Automobile Association (AA) said this may change ahead of the official adjustment by the department of mineral resources and energy at the end of the month.
Based on current data, ULP95 is showing a decrease of around R1.10c/l, while ULP93 is indicating a decrease of around R1.15c/l. Diesel is edging towards a decrease of 55c/l and illuminating paraffin is showing a decrease of around 45c/l.
The decreases, however, will not move the prices of fuel to the lower prices seen at the beginning of the year.
“These decreases, if materialised, will go a long way to further alleviating the fuel price burden — and its associated impact on other prices — felt by millions of South Africans and is certainly welcome,” said the AA.
Fuel prices for July are expected to be adjusted on July 3, the first Wednesday of the new month.