GENERAL

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

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