July Fuel Price Decrease – Coastal and Inland Prices

Following speculation that a sizable decrease in fuel prices would arrive in July, here is how much motorists will need to fork out at their next visit to the pumps during the month.fuel diesel petrol refuelling June

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Following serial fuel decreases following some record heights, the price per litre in July will continue the trend by coming down as much as R1.05 for petrol while diesel sees a less significant decrease. Despite being announced late yesterday by the Department of Mineral Resources and Energy, these prices have been implemented from midnight on the 3rd of July meaning the below prices are already in effect.

Related: Here is how much fuel costs in SA before taxes are added

July 2024 Fuel Price

  • Inland Petrol Unleaded 93 – R22.86 (down from R23.91)
  • Inland Petrol Unleaded 95 – R23.26 (down from R24.25)
  • Coastal Petrol Unleaded 93 – R22.07 (down from R23.12)
  • Coastal Petrol Unleaded 95 – R22.47 (down from R23.46)
  • Inland Diesel 500 ppm – R20.66 (down from R20.96)
  • Inland Diesel 50 ppm – R20.91 (down from R21.15)
  • Coastal Diesel 500 ppm – R19.87 (down from R20.17)
  • Coastal Diesel 50 ppm – R20.15 (down from R20.39)

Related: Fuel Levies Will Stay as is For Now – Finance Minister

A quick look at the data shows decreases across the board which continues the trend from June of fuel over-recoveries for motorists across the country. Not only has petrol and diesel taken a cut in price but paraffin too. This is courtesy of the average Brent Crude oil price decreasing slightly and the rand performing more favourably against foreign markets following the announcement of the Government of National Unity. All of this translated into the Basic Fuel Price of petrol, diesel and paraffin coming down per litre from June. Diesel prices reflect wholesale and pump prices will differ from what is listed above but this is the first time since January that it will cost less than R20 per litre.

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The post July Fuel Price Decrease – Coastal and Inland Prices appeared first on CAR Magazine.


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