REMINDER: How much you will pay for fuel from midnight TONIGHT
The Central Energy Fund has confirmed the new prices for petrol and diesel which will take effect from midnight on Tuesday, 5 December.
The Central Energy Fund (CEF) has confirmed the new prices for petrol and diesel which will take effect from midnight on Tuesday, 5 December.
The news was particularly good for diesel car owners, while petrol motorists won’t be complaining either.
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| FUEL | PRICE CHANGE | |
| Petrol 93 | decrease of 65 cents | |
| Petrol 95 | decrease of 65 cents | |
| Diesel 0.05% | decrease of 235 cents | |
| Diesel 0.005% | decrease of 241 cents | |
| Illuminating Paraffin | decrease of 171 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 $78.04 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R18.82/$.
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The price changes for both petrol and diesel will come into effect at midnight on Tuesday, 5 December.
Go easy on the accelerator until then, Mzansi.
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The new DECEMBER 2023 petrol and diesel prices (Inland and Coastal):
| INLAND | December |
| Petrol 93 | R22.79 |
| Petrol 95 | R23.25 |
| Diesel 0.05% | R21.82 |
| Diesel 0.005% | R21.99 |
| Illuminating Paraffin | R16.24 |
| COASTAL | December |
| Petrol 93 | R22.07 |
| Petrol 95 | R22.53 |
| Diesel 0.05% | R21.09 |
| Diesel 0.005% | R21.30 |
| Illuminating Paraffin | R15.31 |