The South African Government has welcomed a reduction in diesel prices ranging between R2.62 and R3.25 per litre, effective Wednesday, June 3, describing it as a boost for transport-dependent sectors and broader economic activity.
However, motorists using petrol will face an increase of R1.43 per litre for both grades, a development attributed to ongoing fuel price pressures.
The Government Communication and Information System (GCIS) said the adjustment follows fuel levy relief measures announced by National Treasury, with the general fuel levy reduced by R1.50 per litre for petrol and R1.96 per litre for diesel.
According to GCIS, the drop in diesel prices is expected to ease pressure on consumers, businesses and the transport sector, which rely heavily on fuel for daily operations. It noted that the diesel reduction offers some support to economic stability and business sustainability at a time of persistent financial strain.
However, the government acknowledged that the petrol price increase comes amid a challenging cost-of-living environment for many households. GCIS encouraged consumers to adopt cautious spending habits, prioritize essential needs, and consider fuel-saving practices such as efficient travel planning and budgeting. It added that while economic conditions remain difficult, measures that provide relief and support stability remain important for sustaining growth and household resilience.