NEWS
Frightening petrol and diesel hike in September
The latest petrol and diesel numbers from the Central Energy Fund (CEF) paint an ugly picture for September 2023 for South Africa’s motorists.
Multi-Million Rand Jackpot
Play Lotto Now!
Below, the latest projections as received by The South African website from the CEF, effective Monday, 21 August 2023.
ALSO READ | Crime stats: These SEVEN categories show worrying increases
| FUEL | PRICE CHANGE | |
| Petrol 93 | increase of 155 cents | |
| Petrol 95 | increase of 159 cents | |
| Diesel 0.05% | increase of 272 cents | |
| Diesel 0.005% | increase of 269 cents | |
| Illuminating Paraffin | increase of 268 cents |
If these 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 – an increase of 155 cents is expected for petrol 93 octane motorists and an increase of 159 cents for 95 users.
MUST READ | Which of South Africa’s 9 provinces is the LARGEST by population size?
Meanwhile, diesel motorists would see something around a 269 to 272 cents per litre increase.
MUST READ | Does leaving appliances plugged in use power?
Finally, illuminating paraffin is expected to increase by 268 cents.
REMEMBER THIS? | Skukuza Golf Club makes headlines as lions take down giraffe
MUST READ | What to do if you receive a SARS Additional Assessment
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 $84.40 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R18.77/$.
ALSO READ: 5 ways to renew your vehicle license online
ALSO READ | Here’s why millions of prepaid electricity meters could stop working
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, 5 September.
SEE | Kruger Park: Ranger shares picture of black mambas killed by car – LOOK
Go easy on the accelerator until then, Mzansi.
OOPS! | Tattoo FAILS: Daily hilarious ink disasters
The current AUGUST 2023 petrol and diesel prices (Inland and Coastal):
| INLAND | August |
| Petrol 93 | R22.43 |
| Petrol 95 | R22.83 |
| Diesel 0.05% | R20.21 |
| Diesel 0.005% | R20.53 |
| Illuminating Paraffin | R14.63 |
| COASTAL | August |
| Petrol 93 | R21.71 |
| Petrol 95 | R22.11 |
| Diesel 0.05% | R19.48 |
| Diesel 0.005% | R19.82 |
| Illuminating Paraffin | R13.71 |
LAUGH OUT LOUD | JOKE OF THE DAY