Good news for owners of diesel vehicles as the price is coming down. Here are the changes in the prices of fuel for April 2023.

There’s some good news for diesel car owners and operators as unaudited data from the Central Energy Fund (CEF) is pointing to a substantial decrease in the price of diesel as we head into April 2023.

The price of illuminating paraffin will also come down, but sadly there’s nothing significant for the price of petrol. Based on the latest numbers, the decrease for 95 ULP petrol stands at 1.5 cents a litre, while 93 ULP goes down by around 4c/l. Diesel relief is far more noteworthy, with a reduction of around 78 c/l and illuminating paraffin down by R1.39/l. The official adjustment of the fuel prices come on the first Wednesday of the new month, which is the 5th April 2023.

“The main driver behind the decreases is lower international product prices, while the higher average Rand/US Dollar exchange rate is counter-balancing these gains. The weaker Rand is eroding around 40c/l of the decreases meaning the decreases could have been more significant had the Rand been stronger throughout March,” notes the AA.

It’s also important to remember that the two main levies on fuel (General fuel levy and Road accident fund) will not be increasing this year. These increases usually come into effect in April, but the Minister of Finance confirmed this would not happen in the February budget speech.

Fuel Price Forecast for April 2023 in South Africa

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