Fuel price - petrol price projections - How much it costs to drive or fly from Joburg to Durban Easter weekend
The very latest fuel projections aren't looking very good.: File/Fotor

Home » Fuel price UPDATE: GOOD signs for petrol, diesel in November 2023

Fuel price UPDATE: GOOD signs for petrol, diesel in November 2023

The very early fuel price projections for November 2023 shows some good news for petrol drivers, but more bleak news for diesel car owners.

Fuel price - petrol price projections - How much it costs to drive or fly from Joburg to Durban Easter weekend
The very latest fuel projections aren't looking very good.: File/Fotor

The very early fuel price projections from the Central Energy Fund (CEF) for November 2023 shows some good news for petrol drivers, but more bleak news for diesel car owners.

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This news comes on the back of massive price hikes for both petrol and diesel earlier this month, as reported by The South African website.

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Below, the latest projections as received by The South African website from the CEF, effective Thursday, 5 October 2023.

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FUELPRICE CHANGE
Petrol 93decrease of 147 cents
Petrol 95decrease of 150 cents
Diesel 0.05%increase of 20 cents
Diesel 0.005%increase of 28 cents
Illuminating Paraffinincrease of 15 cents

If these market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate ever fluctuating and the oil price changing – a decrease of 147 cents is expected for petrol 93 octane motorists and a decrease of 150 cents for 95 users.

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Meanwhile, diesel motorists would see something around a 20 to 28 cents per litre increase.

Finally, illuminating paraffin is expected to increase by 15 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 $83.90 a barrel.

Exchange rate

At the time of publishing the rand/dollar exchange rate is R19.47/$.

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The final overall price changes for both petrol and diesel will be confirmed in the weeks ahead with the new prices coming into effect at midnight on Tuesday, 7 November.

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Go easy on the accelerator until then, Mzansi.


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The current OCTOBER 2023 petrol and diesel prices (Inland and Coastal):

INLANDOctober
Petrol 93R25.22
Petrol 95R25.68
Diesel 0.05%R25.02
Diesel 0.005%R25.22
Illuminating ParaffinR18.92
COASTALOctober
Petrol 93R24.50
Petrol 95R24.96
Diesel 0.05%R24.29
Diesel 0.005%R24.53
Illuminating ParaffinR17.99

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