The latest fuel projections suggest bad news for petrol car owners in May 2024. Image: Wikimedia Commons
Fuel price: How much you will pay in January 2024 for petrol and diesel CONFIRMED
The Central Energy Fund has confirmed the petrol and diesel price changes for January 2024 – and it’s good news for South Africa’s motorists!
The latest fuel projections suggest bad news for petrol car owners in May 2024. Image: Wikimedia Commons
The Central Energy Fund (CEF) has confirmed the price changes in petrol and diesel for January 2024 – and it’s GOOD news for South Africa’s motorists!
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The price changes will come into effect from midnight on Tuesday, 2 January 2024.
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Below, the prices changes as received by The South African website from the CEF.
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| FUEL | PRICE CHANGE | |
| Petrol 93 | decrease of 62 cents | |
| Petrol 95 | decrease of 76 cents | |
| Diesel 0.05% | decrease of 118 cents | |
| Diesel 0.005% | decrease of 126 cents | |
| Illuminating Paraffin | decrease of 93 cents |
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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
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Oil price
At the time of publishing the brent crude oil price is $78.14 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R18.36/$.
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The new JANUARY 2024 petrol and diesel prices (Inland and Coastal):
| INLAND | January |
| Petrol 93 | R22.17 |
| Petrol 95 | R22.49 |
| Diesel 0.05% | R20.63 |
| Diesel 0.005% | R20.73 |
| Illuminating Paraffin | R15.31 |
| COASTAL | January |
| Petrol 93 | R21.45 |
| Petrol 95 | R21.77 |
| Diesel 0.05% | R19.91 |
| Diesel 0.005% | R20.04 |
| Illuminating Paraffin | R14.38 |
