Petrol and diesel prices confirmed for next week
The Department of Mineral Resources and Energy on Thursday, confirmed the latest official fuel price adjustments which will take effect from midnight on Tuesday, 2 April 2024.
The Department of Mineral Resources and Energy on Thursday, confirmed the latest official fuel price adjustments which will take effect from midnight on Tuesday, 2 April 2024.
Both petrol types will see price hikes.
Strangely, the increase is almost double the previous estimates. We will confirm why once it’s announced.
Even more strangely, inland and coastal prices will see different increases – or decreases – for April.
Below, the latest price changes as received from the CEF, effective midnight on Tuesday, 2 April 2024.
| FUEL | INLAND | COASTAL |
| Petrol 93 | increase of 65 cents | increase of 58 cents |
| Petrol 95 | increase of 67 cents | increase of 60 cents |
| Diesel 0.05% | increase of 3 cents | decrease of 4 cents |
| Diesel 0.005% | decrease of 2 cents | decrease of 9 cents |
| Illuminating Paraffin | decrease of 29 cents | decrease of 26 cents |
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 $86.33 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R18.98/$.
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, 2 April.
Go easy on the accelerator until then, Mzansi.
THE NEW APRIL 2024 PETROL AND DIESEL PRICES (INLAND AND COASTAL):
| INLAND | April |
| Petrol 93 | R24.78 |
| Petrol 95 | R25.12 |
| Diesel 0.05% | R22.45 |
| Diesel 0.005% | R22.60 |
| Illuminating Paraffin | R16.19 |
| COASTAL | April |
| Petrol 93 | R23.99 |
| Petrol 95 | R24.33 |
| Diesel 0.05% | R21.66 |
| Diesel 0.005% | R21.84 |
| Illuminating Paraffin | R15.19 |
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