Upcoming Fuel Price Adjustments Coming this September
South Africans can expect a slight relief at the pumps this September, with fuel price adjustments set to take effect on September 4, 2024.
These changes, announced as part of the government’s regular monthly review, reflect both local and international market conditions.
Petrol Price Decreases
- Unleaded 93: A decrease of 37 cents per litre.
- Unleaded 95: A decrease of 37 cents per litre.
Diesel Price Decreases
- Diesel 0.05%: A decrease of 30 cents per litre.
- Diesel 0.005%: A decrease of 36 cents per litre.
Additional Fuel Reductions
- Illuminating Paraffin: A decrease of 19 cents per litre.
- Liquefied Petroleum Gas (LPG): A decrease of 46 cents per kilogram.
Factors Influencing the Price Changes
Several key factors have contributed to these adjustments:
- Fluctuating Crude Oil Prices: The average price of Brent crude oil has varied, impacting the cost of imported fuel.
- Exchange Rate Stability: The Rand has shown some stability against the US Dollar, influencing the cost of fuel imports favorably.
- Seasonal Demand Shifts: Changes in fuel demand due to seasonal factors have also played a role in the price adjustments.
- Unchanged Slate Levy: The slate levy, a crucial element of the fuel pricing mechanism, remains unchanged this month.
These price changes are a direct response to both domestic and global economic factors and reflect the South African government’s ongoing commitment to adjusting fuel prices based on current market conditions.
Stay informed about these updates to manage your fuel budget effectively in the coming months.
