South Africans will get unexpected relief at the pumps in May after the government corrected an error that had overstated a fuel price increase. The Department of Petroleum and Mineral Resources confirmed that diesel users will now pay nearly R1.00 less per litre than initially announced.
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South Africans are unlikely to see diesel prices hit R40 per litre in May, but another sharp increase remains likely based on current data. Early figures from the Central Energy Fund (CEF) show significant under-recoveries for diesel, although more recent trends suggest a lower increase than initially expected. The outlook is critical for Gauteng motorists and businesses already dealing with rising transport costs following April’s record fuel price hikes.
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