From Wednesday 4 October, motorists with diesel vehicles will have to pay almost R2 more for a litre of fuel as the price adjustments have been confirmed.
Diesel rises by between R1,94 and R1,97 cents per liter at midnight tonight. Petrol becomes between R1,08 and R1,14 per litre more expensive.
Late last month, the Automobile Association had warned consumers to brace themselves for the hikes.
South Africa’s fuel prices informed by international and local factors.
The average Brent Crude oil price increased from 84.78 US Dollars (USD) to 91.86
USD during the period under review mainly due to the continuing tightening of supply that emanated from extended production cuts by Saudi Arabia and Russia and low global oil inventories.
The average international product prices of petrol, diesel, illuminating paraffin and
LPGas also increased during the period under review.
The Department of Energy cited a shortage of diesel globally.
The Rand also depreciated on average, against the US Dollar (from 18.67 to 19.00
Rand per USD) during the period under review when compared to the previous
In addition, a slate levy of 30.70 cents per litre will be implemented in the price structure of petrol and diesel with effect from the 4th of October 2023.
Here are the final fuel price adjustments:
- Petrol (93 ULP and LRP): One hundred and eight cents per litre (108.00 c/l)
- Petrol (95 ULP and LRP): One hundred and fourteen cents per litre (114.00c/l)
- Diesel (0.05% sulphur): One hundred and ninety six point seven cents per litre
(196.70 c/l) increase,
- Diesel (0.005% sulphur): One hundred and ninety three point seven cents per
litre (193.70 c/l) increase;
- Illuminating Paraffin (wholesale): One hundred and fifty-one cents per litre
(151.00 c/l) increase,
- SMNRP for IP: Two hundred and two cents per litre (202.00 c/l) increase,
- Maximum LPGas Retail Price: Two hundred and fifty cents per kilogram (250.00