Here is the latest petrol, diesel price projection for October 2024
The early indications are that more good news awaits South Africa’s motorists in October 2024.
As reported by The South African website, petrol and diesel vehicle owners in Mzansi enjoyed a big cut in the cost of fuel last Tuesday.
And more good news could be on the way next month!
Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Friday, 6 September.
FUEL | PRICE CHANGE |
Petrol 93 | decrease of 126 cents |
Petrol 95 | decrease of 134 cents |
Diesel 0.05% | decrease of 107 cents |
Diesel 0.005% | decrease of 114 cents |
Illuminating Paraffin | decrease of 106 cents |
If the market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate ever fluctuating and the oil price changing – a decrease of 126 cents is expected for petrol 93 octane motorists and a decrease of 134 cents for 95 users.
Meanwhile, diesel motorists would see something between a 107 and 114 cents per litre decrease.
Finally, illuminating paraffin is expected to decrease by 106 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 $72.00 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R17.94/$.
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, 1 October.
Go easy on the accelerator until then, Mzansi.
The current September 2024 petrol and diesel prices (Inland and Coastal):
INLAND | September |
Petrol 93 | R21.79 |
Petrol 95 | R22.19 |
Diesel 0.05% | R19.59 |
Diesel 0.005% | R19.69 |
Illuminating Paraffin | R13.77 |
COASTAL | September |
Petrol 93 | R21.00 |
Petrol 95 | R21.40 |
Diesel 0.05% | R18.80 |
Diesel 0.005% | R18.93 |
Illuminating Paraffin | R12.77 |