After two months of steep fuel price hikes, some relief could be on the way for diesel users in June.
According to the latest fuel price data, diesel and illuminating paraffin are showing strong over-recoveries, meaning prices could drop if current trends hold. Diesel could fall by around R3 to R4 per litre based on current market recoveries. However, this figure does not yet include the expected return of part of the fuel levy that government temporarily suspended earlier this year.
Government is expected to reinstate around R1.50 per litre of that levy in June. This means that while diesel prices may technically be over-recovered by as much as R3 to R4 per litre, motorists are more likely to see an actual decrease of around R2 per litre once the levy adjustment is factored in.
Petrol motorists may not be as fortunate, with both grades expected to increase by between 9c and 16c per litre. Once the fuel levy is added back, the increase could exceed R1 per litre.
Final fuel price adjustments are expected to be confirmed before the first Wednesday of June.