Fuel prices expected to decrease from 4 November with petrol down 23 cents and diesel R1.70 per litre despite unfavourable markets.
Rising petrol and diesel prices cost South African households and businesses an estimated R108.54 billion extra between March and October 2026, according to an economist.
Finance Minister Godongwana’s levy cut offers diesel relief from 4 November, but petrol drivers brace for a likely increase above the record R30 per litre mark.
Motor industry union says fuel costs have jumped 77% in five years while wages stagnate, forcing impossible choices on families.
Oil prices fell as Trump announced crushing sanctions on Iran while Asian markets dropped amid tech selloff and AI investment concerns.
Petrol prices will drop by 52 cents a litre from 5 August, while diesel and paraffin prices increase significantly.
While earlier projections pointed to significant price cuts across the board, the latest data, from 20 July 2026, reveals a widening divide between petrol and diesel prices, driven by a…
Driven by a sharp decline in global oil prices and a strengthening local currency, substantial price cuts for petrol, diesel and illuminating paraffin will take effect on Wednesday 1 July.
A dramatic plunge in global oil prices alongside a surging local currency is set to drive fuel prices down significantly in July – comfortably absorbing the total expiration of the…