The Department of Petroleum and Mineral Resources has confirmed the official fuelprice adjustments which will be in effect from New Year’s Day, Wednesday, 1 January 2025.
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In what was 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 went up by 12and 19 cents per litre for 93and 95 petrol, respectively, and between 7.50and 10.50 cents per litrefor 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 BYÂ TWOÂ 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 $74.83 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R18.78/$.
The next price changes for both petrol and diesel will take effect at midnight on Tuesday, 4 February 2025.
Go easy on the accelerator, 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 |
