The latest data suggests that South Africa’s motorists are in for AWFUL price news in early February 2025.
For the latest fuel price news, bookmark The South African website’s dedicated section for free-to-read content
As reported by The South African website, vehicle owners in Mzansi saw an increase in the cost of both petrol and diesel this month.
This was mainly 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.
In recent days the rand has weakened further against the dollar, suggesting that South Africa’s motorists will be greeted by more bad news next month.
Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Monday, 6 January.
| FUEL | PRICE CHANGE |
| Petrol 93 | increase of 69 cents |
| Petrol 95 | increase of 65 cents |
| Diesel 0.05% | increase of 70 cents |
| Diesel 0.005% | increase of 74 cents |
| Illuminating Paraffin | increase of 52 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 69 cents is expected for petrol 93 octane motorists and an increase of 65 cents for 95 users.
Meanwhile, diesel motorists would see something between a 70 and 74 cents per litre increase.
Finally, illuminating paraffin is expected to increase by 52 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 $76.27 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R18.53/$.
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 February 2025.
Go easy on the accelerator until then, Mzansi.
The current January 2025 petrol and diesel prices (Inland and Coastal):
| INLAND | January |
| Petrol 93 | R21.34 |
| Petrol 95 | R21.59 |
| Diesel 0.05% | R19.29 |
| Diesel 0.005% | R19.44 |
| Illuminating Paraffin | R13.26 |
| COASTAL | January |
| Petrol 93 | R20.55 |
| Petrol 95 | R20.80 |
| Diesel 0.05% | R18.50 |
| Diesel 0.005% | R18.68 |
| Illuminating Paraffin | R12.26 |
