Projections show petrol price relief but diesel to go up

It remains uncertain whether South African motorists will still see any meaningful relief at the pumps in August 2026.

The latest data from the Central Energy Fund shows petrol prices could drop by just over a Rand per litre next month.

The projections suggest Petrol 93 will decrease by up to R1.30 per litre, while Petrol 95 could come down by R1.26 per litre. However, the outlook for diesel is less encouraging, with an increase expected.

But market analysts warn that the recent surge in global oil prices could swiftly erode any remaining relief at the pumps. Oil prices surged on Thursday to their highest levels in nearly two months, hitting $100 per barrel.

Portfolio Manager at Rand Swiss, Viv Govender, says these market pressures are edging the country closer to an under-recovery.

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