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The Central Energy Fund (CEF) has confirmed the new prices for petrol and diesel which will take effect from midnight on Tuesday, 5 December.
The news was particularly good for diesel car owners, while petrol motorists won’t be complaining either.
FUEL PRICE CHANGE Petrol 93 decrease of 65 cents Petrol 95 decrease of 65 cents Diesel 0.05% decrease of 235 cents Diesel 0.005% decrease of 242 cents Illuminating Paraffin decrease of 171 cents 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 $80.95 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R18.67/$.
The price changes for both petrol and diesel will come into effect at midnight on Tuesday, 5 December.
Go easy on the accelerator until then, Mzansi.
The new DECEMBER 2023 petrol and diesel prices (Inland and Coastal):
INLAND December Petrol 93 R22.79 Petrol 95 R23.25 Diesel 0.05% R21.82 Diesel 0.005% R21.98 Illuminating Paraffin R16.24 COASTAL December Petrol 93 R22.07 Petrol 95 R22.53 Diesel 0.05% R21.09 Diesel 0.005% R21.29 Illuminating Paraffin R15.31
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