The latest fuel price data released by the Central Energy Fund (CEF) shows that fuel prices in South Africa will be slashed for September 2024!
The second half of 2024 is looking more positive for South African motorists as we enter the 4th consecutive month of fuel price cuts.
Decreasing international oil prices and a stronger Rand-US-Dollar exchange rate are the main drivers behind the over-recovery and the expected fuel price cuts are certainly welcomed by overburdened consumers.
The latest fuel price data released by the CEF indicates that all fuel prices in South Africa will be cut come 4 September 2024.
The price of 93-grade and 95-grade petrol could see reductions of 89c/l and 97c/l respectively. As for diesel, the data points to reductions of 105 c/l for 0.005% diesel and 103 c/l for 0.05% diesel. The price of illuminating paraffin could also be cut by up to 103 c/l.
The Department of Mineral Resources and Energy is expected to publish official fuel price adjustments for September 2024 within the next 36 hours.
Fuel Prices in South Africa: Forecast for September 2024
| Fuel Type | Aug’ 24 Inland | Aug’ 24 Coast | Sep’ 24 Inland* | Sep’ 24 Coast* |
| Petrol Unleaded 93 | R22.71 | R21.92 | R21.82 | R21.02 |
| Petrol Unleaded 95 | R23.11 | R22.32 | R22.14 | R21.65 |
| Diesel 0.05% | R20.38 | R19.59 | R19.35 | R18.56 |
| Diesel 0.005% | R20.74 | R19.98 | R19.69 | R18.91 |
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