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Fuel prices for the month of September. Picture: Stock/Fotor.

Home » Fuel price SHOCKER: Near R3 per litre hike for diesel in September

Fuel price SHOCKER: Near R3 per litre hike for diesel in September

The latest fuel prices from the Central Energy Fund paint a bleak picture for September 2023 for South Africa’s motorists.

how to save fuel
Fuel prices for the month of September. Picture: Stock/Fotor.

The latest petrol and diesel numbers from the Central Energy Fund (CEF) paint a bleak picture for fuel prices in September 2023 for South Africa’s motorists.

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Below, the latest projections as received by The South African website from the CEF, effective Friday, 25 August 2023.

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FUELPRICE CHANGE
Petrol 93increase of 159 cents
Petrol 95increase of 164 cents
Diesel 0.05%increase of 280 cents
Diesel 0.005%increase of 273 cents
Illuminating Paraffinincrease of 275 cents

If these market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate ever fluctuating and the oil price changing – an increase of 159 cents is expected for petrol 93 octane motorists and an increase of 164 cents for 95 users.

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Meanwhile, diesel motorists would see something around a 273 to 280 cents per litre increase.

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Finally, illuminating paraffin is expected to increase by 275 cents.

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FUEL PRICE IN SOUTH AFRICA IMPACTED BY TWO MAIN FACTORS:

1. The international price of petroleum products, driven mainly by oil prices

2. The rand/dollar exchange rate used in the purchase of these products


Oil price

At the time of publishing the brent crude oil price is $84.43 a barrel.

Exchange rate

At the time of publishing the rand/dollar exchange rate is R18.69/$.

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The final overall price changes for both petrol and diesel will be confirmed in the weeks ahead with the new prices coming into effect at midnight on Tuesday, 5 September.

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Go easy on the accelerator until then, Mzansi.


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The current AUGUST 2023 fuel prices (Inland and Coastal):

INLANDAugust
Petrol 93R22.43
Petrol 95R22.83
Diesel 0.05%R20.21
Diesel 0.005%R20.53
Illuminating ParaffinR14.63
COASTALAugust
Petrol 93R21.71
Petrol 95R22.11
Diesel 0.05%R19.48
Diesel 0.005%R19.82
Illuminating ParaffinR13.71

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