Petrol, diesel latest: 48 hours until huge price cut
South Africa’s motorists have a little over 48 hours to hold off on filling up before the new petrol and diesel prices kick in at midnight on Tuesday, 3 September.
The latest price projection for Mzansi’s motorists shows that excellent news lies ahead for petrol and diesel vehicle owners.
Both petrol and diesel are forecast to see massive decreases at the pumps this week.
The latest projections as received by The South African website from the Central Energy Fund (CEF) shows that decreases around the R1.00 mark for both petrol and diesel, as well as illuminating paraffin, await.
| FUEL | PRICE CHANGE |
| Petrol 93 | decrease of 89 cents |
| Petrol 95 | decrease of 97 cents |
| Diesel 0.05% | decrease of 79 cents |
| Diesel 0.005% | decrease of 105 cents |
| Illuminating Paraffin | decrease of 103 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 $78.82 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R17.83/$.
The final overall price changes for both petrol and diesel will be confirmed on Monday ahead with the new prices coming into effect at midnight on Tuesday, 3 September.
Go easy on the accelerator until then, Mzansi.
The current AUGUST 2024 petrol and diesel prices (Inland and Coastal):
| INLAND | August |
| Petrol 93 | R22.71 |
| Petrol 95 | R23.11 |
| Diesel 0.05% | R20.38 |
| Diesel 0.005% | R20.74 |
| Illuminating Paraffin | R14.80 |
| COASTAL | August |
| Petrol 93 | R21.92 |
| Petrol 95 | R22.32 |
| Diesel 0.05% | R19.59 |
| Diesel 0.005% | R19.98 |
| Illuminating Paraffin | R13.80 |