June Petrol Price Outlook: More South African Fuel Relief on the Way

A stronger rand and a decline in global oil prices suggest that South Africa's petrol prices will drop for the fourth consecutive month...

Rand Surge and Oil Slump Point to Another Petrol Price Reduction

Quick overview

  • South Africa is expected to see another petrol price cut in June, marking the fourth consecutive reduction due to global oil weakness and a stronger rand.
  • Brent crude oil prices have fluctuated but remain below average levels, contributing to the anticipated decrease in fuel costs.
  • Projected reductions include a drop of 40 to 57 cents per litre for petrol and up to 94 cents for diesel, benefiting consumers and industries alike.
  • While the outlook is positive for short-term savings, ongoing volatility in oil markets may affect future price stability.

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A stronger rand and a decline in global oil prices suggest that South Africa’s petrol prices will drop for the fourth consecutive month in June.

ABOUT THE AUTHOR See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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