Petrol Drops by Just 1 Cent as Diesel Prices Fall From Wednesday
The changes follow weaker rand conditions and higher oil prices, while a temporary fuel levy cut will ease pressure on households and businesses.
- On Wednesday, November 4, South African motorists will see mixed fuel price changes, with petrol decreasing by one cent per litre and wholesale diesel prices falling by more than R1 per litre.
- Finance Minister Enoch Godongwana announced temporary fuel levy reductions during the Medium Term Budget Policy Statement, part of a R10-billion relief package aimed at easing pressure on households and businesses.
- While petrol and diesel prices drop, illuminating paraffin and LPGas will increase, with the maximum retail price of LPGas rising by R1.83 a kilogram nationally from Wednesday.
- Relief for petrol and diesel will continue until December 1, with The General Fuel Levy reduction providing R1.50 per litre for petrol and R3 for diesel before scaling down until January 5, 2027.
- International petroleum market pressures, a weaker rand, and higher global demand for middle distillates ahead of winter drove the adjustments, according to The Department of Mineral and Petroleum Resources.
14 Articles
14 Articles
Petrol drops by just 1 cent as diesel prices fall from Wednesday
South African motorists heading to the pumps from Wednesday, 4 November, will see a mixed set of fuel price changes, with petrol offering only a marginal reduction while diesel prices come down by more than R1 per litre. The November adjustments bring a one-cent decrease for both grades of petrol, while wholesale diesel prices fall by R1.10 and R1.20 per... Read more →
Petrol price to drop only 1 cent, diesel by more than R1
This may seem like scant relief but another hefty price hike would have been in the offing were it not for the fuel levy reductions announced in last month’s mini-budget. That in turn has partly been diluted by an increase in the slate levy of over 48 cents per litre, bringing it to 135.84 cents per litre.
The price of diesel in South Africa is scheduled to decline during November, while gasoline prices will undergo a limited change, following the government's announcement of a reduction in fuel taxes in the mid-year budget review. The South African Petroleum Administration, when declaring monthly price adjustments, said that the wholesale price of diesel would be reduced by up to R1.20 per litre... the South African article lowers diesel prices i…
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