April sees petrol price cuts — Will your wallet benefit?

Cape Town – South Africa’s fuel prices will decrease from 2 April, the Department of Petroleum and Mineral Resources has announced.

The drop in petrol and diesel prices is attributed to lower international oil prices and a stronger rand. The key price reductions are as follows:

• Petrol 93: ↓58c per litre

• Petrol 95: ↓72c per litre

• Diesel 0.05%: ↓84c per litre

• Diesel 0.005%: ↓84c per litre

The decline in global oil prices—from $74.89 to $71.04 per barrel—was driven by continued supply from non-OPEC countries and moderate increases from OPEC+ producers. Additionally, the rand strengthened from R18.50 to R18.30 per USD, reducing import costs, Daily Investor reported.

However, these fuel price cuts are smaller than anticipated due to recent geopolitical tensions and rising oil prices.

OPEC members plan to ease production cuts earlier than expected, adding 2.2 million barrels per day starting in April. Global oil prices may continue to face downward pressure due to US tariffs and China’s economic slowdown.

Meanwhile, during the March Budget Speech, Finance Minister Enoch Godongwana announced that the Fuel Levy on petrol (396.00 c/l) and diesel (384.00 c/l) will remain unchanged, along with the Road Accident Fund (RAF) Levy at 218.00 c/l.

However, the carbon fuel levy will increase by 3.00 c/l to 14 c/l for petrol and 17 c/l for diesel, leading to an overall fuel levy increase to 399.00 c/l for petrol and 387.00 c/l for diesel from 2 April 2025, BusinessTech reported.