The Central Energy Fund (CEF) has confirmed the new prices for petrol and diesel which will take effect from midnight on Tuesday, 31 October.
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And the good news is that Mzansi’s motorists are in for a welcome fuel price cut.
Petrol prices will decrease by R1.78 per litre, while diesel will drop by between 82 and 85 cents a litre.
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| FUEL | PRICE CHANGE | |
| Petrol 93 | decrease of 178 cents | |
| Petrol 95 | decrease of 178 cents | |
| Diesel 0.05% | decrease of 85 cents | |
| Diesel 0.005% | decrease of 82 cents | |
| Illuminating Paraffin | decrease of 97 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 $89.17 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R18.76/$.
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The price changes for both petrol and diesel will come into effect at midnight on Tuesday, 31 October.
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Go easy on the accelerator until then, Mzansi.
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As always, prices at the coast will be cheaper than those inland.
The new NOVEMBER 2023 petrol and diesel prices (Inland and Coastal):
| INLAND | November |
| Petrol 93 | R23.44 |
| Petrol 95 | R23.90 |
| Diesel 0.05% | R24.17 |
| Diesel 0.005% | R24.40 |
| Illuminating Paraffin | R17.95 |
| COASTAL | November |
| Petrol 93 | R22.72 |
| Petrol 95 | R23.18 |
| Diesel 0.05% | R23.44 |
| Diesel 0.005% | R23.71 |
| Illuminating Paraffin | R17.02 |
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