How much you’ll pay at the pumps for petrol and diesel TODAY

South Africa’s motorists will be all smiles when filling up their vehicles on Wednesday morning now that petrol and diesel prices have fallen dramatically.

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As reported by The South African website, both grades of petrol and diesel saw price decreases in excess of R1.00 announced earlier this week.

As per the Central Energy Fund (CEF), these will be the fuel price changes reflected at petrol stations around Mzansi from Wednesday, 2 October:

FUEL PRICE CHANGE
Petrol 93 decrease of 106 cents
Petrol 95 decrease of 114 cents
Diesel 0.05% decrease of 114 cents
Diesel 0.005% decrease of 112 cents
Illuminating Paraffin decrease of 111 cents

The price of petrol 93 at the coast will now cost R19.94 per litre (and R20.73 inland).

That represents a dramatic decrease since it hit its high this year of R24.36 on 1 May.

That represents a R4.42 drop per litre in the last five months.

If you car’s petrol tank capacity is 40 litres, that equates to R176.80 less to fill up!

The last time petrol 93 cost under R20 / litre at the pumps was in February 2022.

And there could be even more good news in November!

Should the current stronger rand and low oil prices continue (as they have in recent weeks), further cuts could well be on the cards in early November.

However, the continued fighting in the Middle East has seen a rise in the oil price in recent days.

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 $75.18 a barrel.

Exchange rate

At the time of publishing the rand/dollar exchange rate is R17.38/$.

Correct as at time of publishing


The NEW October 2024 petrol and diesel prices (Inland and Coastal):

INLAND October
Petrol 93 R20.73
Petrol 95 R21.05
Diesel 0.05% R18.45
Diesel 0.005% R18.57
Illuminating Paraffin R12.66
COASTAL October
Petrol 93 R19.94
Petrol 95 R20.26
Diesel 0.05% R17.66
Diesel 0.005% R17.81
Illuminating Paraffin R11.66

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