petrol price drop
South Africa’s motorists can expect a sizeable petrol price cut next week, while there should also be good news for diesel vehicle owners. Image: Wikimedia Commons

Home » How much you’ll pay for petrol, diesel in March – and why you should fill up TODAY

How much you’ll pay for petrol, diesel in March – and why you should fill up TODAY

The Central Energy Fund (CEF) has confirmed the price increases for petrol and diesel in South Africa for March 2024.

04-03-24 11:17
petrol price drop
South Africa’s motorists can expect a sizeable petrol price cut next week, while there should also be good news for diesel vehicle owners. Image: Wikimedia Commons

The Central Energy Fund (CEF) has confirmed the price increases for petrol and diesel in South Africa for March 2024.

The increases will come into effect from midnight on Tuesday, 5 March.

Both grades of petrol (93 and 95) will increase by 121 cents per litre both inland and at the coast, while diesel 0.05% will rise by 106 cents per litre.

Diesel 0.005% will see a 119 cents per litre price hike.

Below, the new prices as received by the SAPeople website from the CEF:

FUELPRICE CHANGE
Petrol 93increase of 121 cents
Petrol 95increase of 121 cents
Diesel 0.05%increase of 106 cents
Diesel 0.005%increase of 119 cents
Illuminating Paraffinincrease of 64 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 $83.91 a barrel.

Exchange rate

At the time of publishing the rand/dollar exchange rate is R19.03/$.


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, 5 March.

Go easy on the accelerator until then.


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

INLANDMarch
Petrol 93R24.13
Petrol 95R24.45
Diesel 0.05%R22.42
Diesel 0.005%R22.62
Illuminating ParaffinR16.48
COASTALMarch
Petrol 93R23.41
Petrol 95R23.73
Diesel 0.05%R21.70
Diesel 0.005%R21.93
Illuminating ParaffinR15.55