South African motorists will face higher fuel prices from midnight on Tuesday, with all grades of petrol and diesel set for increases after a month marked by rising global oil prices and regulatory cost adjustments.
The mineral resources and energy department has confirmed the price of 93- and 95-octane petrol will rise by 29c/l. Diesel is hit harder, with wholesale prices increasing by 82c/l for low-sulphur 50ppm and 65c/l for 500ppm fuel.
The wholesale price of illuminating paraffin climbs by 74c/l.
The month’s biggest price driver was a sharp increase in international product prices for petrol, diesel and paraffin, which pushed up the basic fuel price South Africa pays for imports. This outweighed the small relief provided by a stronger rand. The currency appreciated slightly against the dollar during the review period, trimming only about 3c/l to 4c/l from the final adjustments.
The department also approved annual margin adjustments for fuel wholesalers and retailers. These add 3.6c/l to petrol and 5.48c/l to diesel and illuminating paraffin. Additional tweaks to storage, distribution and working-capital costs contributed a few cents more. The slate levy remains unchanged at 0c/l.
The latest adjustments apply from December 3 and will be reflected at pumps across the country.
Fuel prices from Wednesday
Inland
- 93 ULP: R21.26/l
- 95 ULP: R21.41/l
- Diesel (50ppm): R20.02/l
- Diesel (500ppm): R19.78/l
Coastal
- 95 ULP: R20.58/l
- Diesel (50ppm): R19.26/l
- Diesel (500ppm): R18.95/l
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