Petrol Price Down, Diesel Price Up In May

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Depending on the vehicle you drive, the May 2022 fuel adjustments will either be a welcomed relief or an unpleasant surprise.

 


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The Department of Mineral Resources and Energy (DMRE) has published the latest fuel price adjustments for May 2022. The price of both grades of petrol (93 and 95) will be reduced by 12c.

Motorists using diesel will however have to fork out 98c more at the pumps for 0.05% sulphur and 92c more for 0.005% sulphur diesel.

Here’s a full list of price increases that will take effect from 4 May 2022

Petrol (both 93 ULP and LRP) will decrease by 12c per litre
Petrol (both 95 ULP and LRP) will decrease by 12c per litre
0.05% sulphur diesel will rise by 94c per litre
0.005% sulphur will increase by 92c per litre
Illuminating paraffin (wholesale) will increase by 79c per litre.
The maximum retail price for gas will increase by 69c per kilogram.

The DMRE said, “The average international product prices of petrol decreased while diesel and Illuminating Paraffin increased during the period under review. This is because there is still a shortage of diesel supply which is due to lower exports from Russia as a major exporter of distillate fuel, low inventories globally as well as higher demand for distillates”.

It was also revealed that prices will differ across all magisterial district zones due to the different transport tariff increases and decreases that will be implemented in the month.

They explained “The primary transport tariffs applicable to the transport of petrol and diesel mainly by means of the pipeline network have increased”.

“The annual adjustments to road transport tariffs applicable in petrol, diesel and [illuminating paraffin] price structures will range from a decrease of 33.4 per litre in Gordonia South Magisterial District Pricing Zone to an increase of 3.0 c/l (Zone 9C-Gauteng)” concluded the department.

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