petrol diesel fuel price July 2024

The latest fuel projections suggest bad news for petrol car owners July 2024. Image: Wikimedia Commons

REMINDER: Why you should fill up your car TODAY

The latest fuel price adjustments will take effect at midnight on Tuesday, 2 April. Here’s why you should fill up your car TODAY.

petrol diesel fuel price July 2024

The latest fuel projections suggest bad news for petrol car owners July 2024. Image: Wikimedia Commons

The Department of Mineral Resources and Energy ahead of the Easter long weekend confirmed the official fuel price adjustments which will take effect from midnight on Tuesday, 2 April 2024.

As reported by The South African website, both petrol types will see price hikes.

Strangely, the increase is almost double what the projections estimated. The South African website will confirm why once it’s announced.

Even more strangely, inland and coastal prices will see different increases – or decreases – for April.

Below, the latest price changes as received by The South African website from the CEF, effective midnight on Tuesday, 2 April 2024.

FUELINLANDCOASTAL
Petrol 93increase of 65 centsincrease of 58 cents
Petrol 95increase of 67 centsincrease of 60 cents
Diesel 0.05%increase of 3 centsdecrease of 4 cents
Diesel 0.005%decrease of 2 centsdecrease of 9 cents
Illuminating Paraffindecrease of 29 centsdecrease of 26 cents

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 $87.95 a barrel.

Exchange rate

At the time of publishing the rand/dollar exchange rate is R18.93/$.



The new APRIL 2024 petrol and diesel prices (Inland and Coastal):

INLANDApril
Petrol 93R24.78
Petrol 95R25.12
Diesel 0.05%R22.45
Diesel 0.005%R22.60
Illuminating ParaffinR16.19
COASTALApril
Petrol 93R23.99
Petrol 95R24.33
Diesel 0.05%R21.66
Diesel 0.005%R21.84
Illuminating ParaffinR15.19