July fuel price outlook: Big petrol cut still on track, diesel looking iffy

2024 has not been kind to South African motorists, but there is some good news on the horizon with petrol prices looking set to fall in July.

According to the latest update from our number-crunching friends at the Central Energy Fund (CEF), a petrol price decrease in the region of R1 is looking likely for next month.

However the picture is not crystal clear as the average over-recovery of R1.07 for 95 Unleaded, at the time of writing, has been on a slight downward trajectory as the outlook has deteriorated.