The Central Energy Fund (CEF) has confirmed the new prices for petrol and diesel which will take effect from midnight on Tuesday, 5 December.
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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.
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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 |
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