petrol diesel prices March 2024

The latest fuel projections for March 2024 still shows that bad news lies ahead for diesel and petrol car owners next week. Image: iStock

REMINDER: How much you will pay for fuel from midnight TOMORROW

The Central Energy Fund has confirmed the new prices for petrol and diesel which will take effect from midnight on Tuesday, 5 December.

petrol diesel prices March 2024

The latest fuel projections for March 2024 still shows that bad news lies ahead for diesel and petrol car owners next week. Image: iStock

The Central Energy Fund (CEF) has confirmed the new prices for petrol and diesel which will take effect from midnight on Tuesday, 5 December.

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The news was particularly good for diesel car owners, while petrol motorists won’t be complaining either.

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FUELPRICE CHANGE
Petrol 93decrease of 65 cents
Petrol 95decrease of 65 cents
Diesel 0.05%decrease of 235 cents
Diesel 0.005%decrease of 241 cents
Illuminating Paraffindecrease of 171 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


Oil price

At the time of publishing the brent crude oil price is $78.45 a barrel.

Exchange rate

At the time of publishing the rand/dollar exchange rate is R18.70/$.

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The price changes for both petrol and diesel will come into effect at midnight on Tuesday, 5 December.

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Go easy on the accelerator until then, Mzansi.


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The new DECEMBER 2023 petrol and diesel prices (Inland and Coastal):

INLANDDecember
Petrol 93R22.79
Petrol 95R23.25
Diesel 0.05%R21.82
Diesel 0.005%R21.99
Illuminating ParaffinR16.24
COASTALDecember
Petrol 93R22.07
Petrol 95R22.53
Diesel 0.05%R21.09
Diesel 0.005%R21.30
Illuminating ParaffinR15.31

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