REMINDER: Petrol, diesel price change kicks in at MIDNIGHT
There was GOOD news for South Africa’s motorists this week when the new petrol and diesel prices for August were confirmed.
There was GOOD news for South Africa’s motorists this week when the Department of Mineral Resources and Energy confirmed the new petrol and diesel prices for August.
The price changes will come into effect from midnight on Tuesday, 6 August.
Go easy on the accelerator until then!
| FUEL | PRICE CHANGE | |
| Petrol 93 | decrease of 15 cents | |
| Petrol 95 | decrease of 15 cents | |
| Diesel 0.05% | decrease of 28 cents | |
| Diesel 0.005% | decrease of 17 cents | |
| Illuminating Paraffin | decrease of 22 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 $76.76 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R18.52/$.
The new AUGUST 2024 petrol and diesel prices (Inland and Coastal):
| INLAND | August |
| Petrol 93 | R22.71 |
| Petrol 95 | R23.11 |
| Diesel 0.05% | R20.38 |
| Diesel 0.005% | R20.74 |
| Illuminating Paraffin | R14.80 |
| COASTAL | August |
| Petrol 93 | R21.92 |
| Petrol 95 | R22.32 |
| Diesel 0.05% | R19.59 |
| Diesel 0.005% | R19.98 |
| Illuminating Paraffin | R13.80 |
What does a fuel price decrease mean for you?
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