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Fuel Relief in Sight? Why Petrol Prices Could Ease in May
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1 hr agoSouth African motorists may finally get a bit of breathing room at the pumps this May, as recent fuel data suggests a slower pace of price increases than previously feared. While earlier projections pointed to sharp hikes driven by global oil volatility and a weaker rand, the latest Central Energy Fund (CEF) figures show that the pressure is gradually easing.
Petrol and diesel prices are still sitting in “under-recovery” territory, meaning local fuel costs are not fully covered by current pump prices. However, that gap has narrowed compared to earlier in the month, hinting that the worst-case scenario may be softening. Improved global sentiment—especially easing tensions in oil-producing regions—has helped stabilize crude prices, preventing even steeper increases.
Still, motorists shouldn’t expect a dramatic drop just yet. The market remains highly sensitive to international events, currency fluctuations, and domestic fuel levy decisions. Even small shifts in the oil price or exchange rate can quickly change the outlook before final adjustments are confirmed.
The takeaway? May could bring slightly better news than initially expected, but fuel prices remain on a knife-edge. Relief is possible—but not guaranteed.
If trends continue in this direction, South Africans might finally see the first real signs of stabilization after months of volatility at the fuel pumps.