The latest figures point to good news for both petrol and diesel motorists in South Africa next week.
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As reported by The South African website, vehicle owners in Mzansi saw a massive increase in the cost of both petrol and diesel earlier this month.
This was due to a combination of the rand depreciating against the dollar and the price of oil continuing to rise thanks to ongoing unrest in the Middle East.
Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Thursday, 27 February.
| FUEL | PRICE CHANGE |
| Petrol 93 | increase of 7 cents |
| Petrol 95 | decrease of 7 cents |
| Diesel 0.05% | decrease of 17 cents |
| Diesel 0.005% | decrease of 22 cents |
| Illuminating Paraffin | decrease of 6 cents |
If the market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate fluctuating and the oil price ever changing – an increase of seven cents is expected for petrol 93 octane motorists and a decrease of seven cents for 95 users.
Meanwhile, diesel motorists would see something between an 17 and 22 cents per litre increase.
Finally, illuminating paraffin is expected to drop by six cents in price.
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 $73.42 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R18.49/$.
The final overall price changes for both petrol and diesel will be confirmed early next month with the new prices taking effect at midnight on Tuesday, 4 March 2025.
Go easy on the accelerator until then, Mzansi.
The current February 2025 petrol and diesel prices (Inland and Coastal):
| INLAND | February |
| Petrol 93 | R22.16 |
| Petrol 95 | R22.41 |
| Diesel 0.05% | R20.34 |
| Diesel 0.005% | R20.45 |
| Illuminating Paraffin | R14.23 |
| COASTAL | February |
| Petrol 93 | R21.37 |
| Petrol 95 | R21.62 |
| Diesel 0.05% | R19.55 |
| Diesel 0.005% | R19.69 |
| Illuminating Paraffin | R13.23 |
Do you know of any useful ways to help save on fuel?
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