The latest data remains positive that some more good news awaits South Africa’s motorists in October 2024.
As reported by The South African website, petrol and diesel vehicle owners in Mzansi enjoyed a big cut in the cost of fuel in early September.
And more good news could be on the way next month!
Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Thursday, 19 September.
| FUEL | PRICE CHANGE |
| Petrol 93 | decrease of 110 cents |
| Petrol 95 | decrease of 118 cents |
| Diesel 0.05% | decrease of 112 cents |
| Diesel 0.005% | decrease of 111 cents |
| Illuminating Paraffin | decrease of 107 cents |
If the 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 – a decrease of 110 cents is expected for petrol 93 octane motorists and a decrease of 118 cents for 95 users.
Meanwhile, diesel motorists would see something between a 111 and 112 cents per litre decrease.
Finally, illuminating paraffin is expected to decrease by 107 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 $74.77 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R17.57/$.
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, 1 October.
Go easy on the accelerator until then, Mzansi.
The current September 2024 petrol and diesel prices (Inland and Coastal):
| INLAND | September |
| Petrol 93 | R21.79 |
| Petrol 95 | R22.19 |
| Diesel 0.05% | R19.59 |
| Diesel 0.005% | R19.69 |
| Illuminating Paraffin | R13.77 |
| COASTAL | September |
| Petrol 93 | R21.00 |
| Petrol 95 | R21.40 |
| Diesel 0.05% | R18.80 |
| Diesel 0.005% | R18.93 |
| Illuminating Paraffin | R12.77 |
