The Department of Petroleum and Mineral Resources has announced official fuel price adjustments effective from midnight on Tuesday, 4 March 2025.
This marks the first decrease in petrol and diesel prices in the past five months, offering relief to consumers nationwide.
Factors Influencing Fuel Price Adjustments
Two primary factors influence fuel prices in South Africa:
- International Petroleum Product Prices: Global oil prices significantly impact local fuel costs.
- Rand/US Dollar Exchange Rate: The exchange rate affects the cost of importing petroleum products.
Current Market Indicators
- Oil Price: As of the latest update, Brent crude oil is priced at $70.56 per barrel.
- Exchange Rate: The Rand is trading at R18.59 against the US Dollar.
Detailed Fuel Price Changes
The table below outlines the specific adjustments for various fuel types:
| Fuel Type | Price Change per Litre |
|---|---|
| Petrol 93 | Decrease of 7 cents |
| Petrol 95 | Decrease of 7 cents |
| Diesel 0.05% | Decrease of 17.5 cents |
| Diesel 0.005% | Decrease of 23.5 cents |
| Illuminating Paraffin | Decrease of 6 cents |
New Fuel Prices for March 2025
The updated fuel prices for both inland and coastal regions are as follows:
Inland Regions:
| Fuel Type | February Price | March Price |
|---|---|---|
| Petrol 93 | R22.16 | R22.09 |
| Petrol 95 | R22.41 | R22.34 |
| Diesel 0.05% | R20.34 | R20.16 |
| Diesel 0.005% | R20.45 | R20.21 |
| Illuminating Paraffin | R14.23 | R14.17 |
Coastal Regions:
| Fuel Type | February Price | March Price |
|---|---|---|
| Petrol 93 | R21.37 | R21.30 |
| Petrol 95 | R21.62 | R21.55 |
| Diesel 0.05% | R19.55 | R19.37 |
| Diesel 0.005% | R19.69 | R19.45 |
| Illuminating Paraffin | R13.23 | R13.17 |
Implications for Consumers
Motorists are advised to delay refueling until the new prices take effect to benefit from the reductions. This decrease is expected to ease the financial burden on consumers and may positively influence the cost of goods and services reliant on transportation.
Looking Ahead
The next fuel price adjustment is scheduled for Tuesday, 1 April 2025. Continuous monitoring of international oil prices and currency exchange rates will be essential in anticipating future fuel price trends.
FAQs
What are the main factors affecting fuel prices in South Africa?
Fuel prices are primarily influenced by international oil prices and the Rand/US Dollar exchange rate.
When will the new fuel prices take effect?
The adjusted prices will be effective from midnight on Tuesday, 4 March 2025.
How often are fuel prices adjusted in South Africa?
Fuel prices are reviewed and adjusted monthly by the Department of Petroleum and Mineral Resources.