The Central Energy Fund (CEF) has confirmed the price increases for South Africa’s diesel and petrol car owners for March 2024.
The increases will come into effect from midnight on Tuesday, 5 March.
Both grades of petrol (93 and 95) will increase by 121 cents per litre inland and at the coast, while diesel 0.05% will rise by 106 cents per litre.
Diesel 0.005% will see a 119 cents per litre price hike.
Below, the new prices as received by The South African website from the CEF:
| FUEL | PRICE CHANGE | |
| Petrol 93 | increase of 121 cents | |
| Petrol 95 | increase of 121 cents | |
| Diesel 0.05% | increase of 106 cents | |
| Diesel 0.005% | increase of 119 cents | |
| Illuminating Paraffin | increase of 64 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 $83.91 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R19.03/$.
The final overall price changes for both petrol and diesel will be confirmed in the weeks ahead with the new prices coming into effect at midnight on Tuesday, 5 March.
Go easy on the accelerator until then, Mzansi.
The new MARCH 2024 petrol and diesel prices (Inland and Coastal):
| INLAND | March |
| Petrol 93 | R24.13 |
| Petrol 95 | R24.45 |
| Diesel 0.05% | R22.42 |
| Diesel 0.005% | R22.62 |
| Illuminating Paraffin | R16.48 |
| COASTAL | March |
| Petrol 93 | R23.41 |
| Petrol 95 | R23.73 |
| Diesel 0.05% | R21.70 |
| Diesel 0.005% | R21.93 |
| Illuminating Paraffin | R15.55 |