Petrol price forecast looks GOOD after Budget Speech

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The latest available data points to good news for both petrol and diesel motorists in South Africa in early April 2025.

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As reported by The South African website, vehicle owners in Mzansi saw a marginal decrease in the cost of both petrol and diesel earlier this month.

Since then, South Africa’s rand improved to its highest level against the US dollar in nearly three months.

This comes as concerns grow over President Donald Trump’s tariff policies, which are fueling fears of a prolonged global trade war that could harm economic growth and increase inflation.

As a result, the price of brent crude oil has also dropped – which always helps!

Wednesday’s Budget Speech hasn’t had a major impact – as yet.

Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Thursday, 13 March.

FUEL PRICE CHANGE
Petrol 93 decrease of 82 cents
Petrol 95 decrease of 96 cents
Diesel 0.05% decrease of 89 cents
Diesel 0.005% decrease of 90 cents
Illuminating Paraffin decrease of 85 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 – a decrease of 82 cents is expected for petrol 93 octane motorists and a decrease of 96 cents for 95 users.

Meanwhile, diesel motorists would see something between a 89 and 90 cents per litre increase.

Finally, illuminating paraffin is expected to drop by 85 cents in price.

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 $70.56 a barrel.

Exchange rate

At the time of publishing the rand/dollar exchange rate is R18.25/$.


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, 1 April 2025.

Go easy on the accelerator until then, Mzansi.


The current March 2025 petrol and diesel prices (Inland and Coastal):

INLAND March
Petrol 93 R22.09
Petrol 95 R22.34
Diesel 0.05% R20.16
Diesel 0.005% R20.21
Illuminating Paraffin R14.17
COASTAL March
Petrol 93 R21.30
Petrol 95 R21.55
Diesel 0.05% R19.37
Diesel 0.005% R19.45
Illuminating Paraffin R13.17

Do you know of any sneaky ways to help save on fuel?

Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1

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