Mid-month data from the Central Energy Fund points to a marginal petrol price hike in June, while diesel could see a more sizeable increase. The CEF data shows an under-recovery for both 93 and 95 petrol, with prizes expected to rise no more than a few cents per litre. Diesel drivers, meanwhile can expect an increase for 0.05% and 0.005% at around 19c per litre.
Petrol 95: increase of 1 cent per litre
Petrol 93: increase of 2 cents per litre
Diesel 0.005%: increase of 19 cents per litre
Illuminating paraffin: increase of 25 cents per litre
While the mid-month data serves as a snapshot, the Department of Energy makes adjustments based on a review of the full period. Furthermore, the outlook can change significantly before month-end. The mid-month prices provide a strong indication of moving trends. However, prices are affected by two main components which are the rand/dollar exchange rate and changes to international petroleum product costs, largely driven by oil prices.