Fuel prices petrol

The Department of Mineral Resources and Energy on Friday confirmed the latest fuel adjustments for November 2022. Photos/Collage/Stock/Canva

Petrol and diesel price hike confirmed: How much you will pay at the COAST

The Department of Mineral Resources and Energy on Friday confirmed the final fuel adjustments for November 2022.

Fuel prices petrol

The Department of Mineral Resources and Energy on Friday confirmed the latest fuel adjustments for November 2022. Photos/Collage/Stock/Canva

The Department of Mineral Resources and Energy on Friday confirmed the final fuel adjustments for November 2022, as reported by The South African website.

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They show a big jump in prices for both petrol and in particular, diesel.

The changes will be implemented as of midnight on Tuesday, 1 November.

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Prices adjustments are as follows:

FuelPrice change
Petrol 93increase of 51 cents per litre
Petrol 95increase of 51 cents per litre
Diesel 0.05%increase of 143 cents per litre
Diesel 0.005%increase of 144 cents per litre
Illuminating Paraffin (wholesale)increase of 77 cents per litre
LPGASdecrease of 98 cents per kilogram

According to BusinessTech, the average international product prices for petrol, diesel and illuminating paraffin decreased during the period under review.

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The rand depreciated against the US dollar during the period under review, on average, when compared to the previous period.

The average rand/US dollar exchange rate for the period 30 September to 27 October 2022 was 18.1099 compared to 17.5547 during the previous period.

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This led to a higher contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 37.55 c/l, 51.43 c/l and 48.02 c/l, respectively.

Negative balance for cumulative petrol and diesel

The combined cumulative petrol and diesel Slate balances at the end of September 2022 amounted to a negative balance of R8.120 billion.

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In line with the provisions of the Self-Adjusting Slate Levy Mechanism, a Slate Levy of 70.14 c/l (decrease of 13.14 c/l) has been implemented into the price structures of petrol and diesel with effect from 1 November 2022.

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How the price changes will reflect at the pumps (Inland and Coastal):

INLANDOctoberNovember
93 PetrolR22.06R22.57
95 PetrolR22.36R22.87
0.05% diesel (wholesale)R24.06R25.49
0.005% diesel (wholesale)R24.31R25.75
Illuminating ParaffinR16.99R17.76
LPGAS (p/kg)R34.07R33.09
COASTALOctoberNovember
93 PetrolR21.41R21.92
95 PetrolR21.71R22.22
0.05% diesel (wholesale)R23.41R24.84
0.005% diesel (wholesale)R23.67R25.11
Illuminating ParaffinR16.20R16.97
LPGAS (p/kg)R31.66R30.68