Cape Town – South African petrol prices, including 93 and 95 unleaded, are set to increase by R1.71 per litre, with diesel prices going up by a significant R2.84 per litre, marking a record price hike, according to the Automobile Association (AA).
Illuminating paraffin prices will also rise by R2.78 per litre.
In Gauteng, the cost of a litre of 95 unleaded petrol will reach R24.54, the highest since August 2022, while the wholesale price of diesel will be R23.05 per litre, a 2023 high.
South Africa’s fuel prices are adjusted on a monthly basis, informed by international & local factors.
International factors include the fact that SA imports crude oil & finished products at a price set at international level, including importation costs, e.g. shipping costs https://t.co/3pX78gmYFt
— South African Government (@GovernmentZA) September 4, 2023
These increases are attributed to international oil costs and the rand exchange rate, with Brent crude oil prices rising due to production cuts by Saudi Arabia.
Here are the fuel prices for September 2023:
- Petrol (both 93 and 95 Octane): One hundred and seventy-one cents per litre (171.00 c/l) increase.
- Diesel (0.05% sulphur): Two hundred and eighty-four cents per litre (284.00 c/l) increase.
- Diesel (0.005% sulphur): Two hundred and seventy six-cents per litre (276.00 c/l) increase.
- Illuminating Paraffin (wholesale): Two hundred and seventy-eight cents per litre (278.00 c/l) increase.
- SMNRP for IP: Three hundred and seventy cents per litre (370.00 c/l) increase.
- Maximum Retail Price of LPGas: Two hundred and twenty-six cents per kilogram (226.00 c/kg) increase.
Additionally, factors such as low inventories, refinery outages, and reduced shipments of Russia’s Urals crude oil have contributed to the rise in fuel prices.
The rand-dollar exchange rate also saw a decline from R18.28 to R18.67 over the past month.
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Compiled by Betha Madhomu
