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# Fuel prices fall from today, but the levy relief is now gone
- URL: https://www.businessbagel.com/fuel-prices-fall-from-today-but-the-levy-relief-is-now-gone/
- Published: 2026-07-01T06:47:09.000Z
- Updated: 2026-07-01T06:47:09.000Z
- Description: Petrol drops around R2 a litre and diesel more than R3 from today, though the full return of the fuel levy takes some of the shine off the relief.
- Author: Philip Ziegler
- Tags: Economy, Business Bagel News, #big

Motorists across South Africa woke up to cheaper fuel this morning, with the Department of Petroleum and Mineral Resources confirming price cuts that take effect from Wednesday, 1 July 2026\. Petrol 93 falls by R2.01 a litre and Petrol 95 by R1.96, while diesel drops by between R3.14 and R3.59 a litre at wholesale level.

Inland, a litre of 95 unleaded now costs R26.10, down from R28.06 in June, while 93 unleaded eases to R25.94\. Coastal motorists pay R25.23 for 95\. Illuminating paraffin, a lifeline fuel for many households, tumbles by R5.23 a litre. The one outlier is liquefied petroleum gas in Gauteng, which edges up 16 cents a kilogram.

## What is driving the relief

The cuts follow a sharp retreat in global oil prices. The average Brent crude price used in the calculation fell from about $104.59 to $86.53 a barrel over the review period, after a ceasefire between the United States and Iran reopened the Strait of Hormuz and eased fears of supply disruption. A firmer rand helped too: the currency averaged R16.38 to the dollar, stronger than the R16.52 of the previous period, trimming the cost of imported fuel.

## The catch: levy relief is over

The saving at the pump would have been larger were it not for the National Treasury fully phasing out its temporary fuel-levy relief. Around R1.50 a litre has been added back to petrol and R1.97 to diesel, effectively halving the over-recovery. The full general fuel levy has been reinstated at 429 cents a litre on petrol and 416 cents on diesel, while a lower slate levy of 113.94 cents a litre, down from 157.74 cents, softened the blow slightly.

For households already bracing for higher electricity, water and rates bills from July, the fuel cut offers welcome breathing room — even if the return of the full levy means drivers are not feeling the entire benefit of cheaper oil.

## Sources

- [BusinessTech](https://businesstech.co.za/news/energy/864824/here-is-the-official-petrol-price-for-july-8/?ref=businessbagel.com)
- [South African Government](https://www.gov.za/news/media-statements/minister-gwede-mantashe-announces-adjustment-fuel-prices-effective-1-july?ref=businessbagel.com)
- [The Citizen](https://www.citizen.co.za/motoring/petrol-and-diesel-drops-july-this-is-how-much-you-will-pay/?ref=businessbagel.com)