South African motorists could finally see some relief at the pumps next week, with petrol and diesel prices expected to decrease in November following government intervention.
According to BusinessTech, the Central Energy Fund’s (CEF) final October data shows that fuel prices could fall despite continued pressure from international oil markets.
The expected decreases follow National Treasury’s announcement of a R10 billion fuel relief package aimed at reducing costs for motorists.
How much could fuel prices drop?
Petrol prices are expected to decrease by between 33 and 49 cents per litre, while diesel could drop by between R1.58 and R1.68 per litre.
The projected changes are:
- Petrol 93: Decrease of 49 cents per litre.
- Petrol 95: Decrease of 33 cents per litre.
- Diesel 0.05%: Decrease of R1.58 per litre.
- Diesel 0.005%: Decrease of R1.68 per litre.
This could bring inland Petrol 95 down to R29.92 per litre, while Diesel 0.005% could fall to R31.61 per litre.
Government steps in with fuel relief
National Treasury announced temporary fuel tax reductions of R1.50 per litre for petrol and R3.00 per litre for diesel.
Without these reductions, motorists would have faced further increases due to higher international fuel costs.
However, the relief is temporary and will be phased out by January 2027.
The final adjustments could also change depending on additional factors, including the slate levy.
Fuel prices remain under pressure
Despite the expected decreases, South Africans are still paying significantly more for fuel than earlier this year.
BusinessTech reports that petrol prices have increased by more than R10 per litre since the outbreak of the US-Iran war, while diesel has risen by almost R15 per litre.
International oil prices remain above $111 per barrel, with ongoing geopolitical tensions continuing to affect global energy markets.
The rand has also weakened to approximately R16.60 against the US dollar, adding further pressure on fuel imports.
When will prices change?
The official November fuel price adjustments are expected to take effect on Wednesday, 4 November 2026.
While the projected decreases could provide some relief for motorists and businesses, fuel costs remain considerably higher than at the beginning of the year.
The final prices will be confirmed through the official fuel price announcement.
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