The Department of Petroleum and Mineral Resources has confirmed the official petrol and diesel price adjustments that will take effect at midnight on Tuesday, 31 December 2024.
For the latest fuel price news, bookmark The South African website’s dedicated section for free-to-read content
In bad news for South Africa’s motorists, December saw the global price of petrol increase and the rand come in weaker relative to November, leading to an under-recovery in prices.
This has translated to a price hike at the pumps, marking the second consecutive month of increases.
Prices will be going up by 12 and 19 cents per litre for 93 and 95 petrol, respectively, and between 7.50 and 10.50 cents per litre for diesel.
| FUEL | PRICE CHANGE |
| Petrol 93 | increase of 19 cents |
| Petrol 95 | increase of 12 cents |
| Diesel 0.05% | increase of 7.5 cents |
| Diesel 0.005% | increase of 10.5 cents |
| Illuminating Paraffin | decrease of 9.5 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 $74.00 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R18.68/$.
The price changes for both petrol and diesel will take effect at midnight on Tuesday, 31 December 2024.
Go easy on the accelerator until then, Mzansi.
The NEW 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 |
