There was good news for South Africa’s motorists when the new petrol and diesel prices for October were confirmed on Monday morning.
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As per the Central Energy Fund (CEF), these will be the fuel price changes effective from midnight on Tuesday, 1 October:
| FUEL | PRICE CHANGE |
| Petrol 93 | decrease of 106 cents |
| Petrol 95 | decrease of 114 cents |
| Diesel 0.05% | decrease of 114 cents |
| Diesel 0.005% | decrease of 112 cents |
| Illuminating Paraffin | decrease of 111 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 $72.58 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R17.11/$.
The NEW October 2024 petrol and diesel prices (Inland and Coastal):
| INLAND | October |
| Petrol 93 | R20.73 |
| Petrol 95 | R21.05 |
| Diesel 0.05% | R18.45 |
| Diesel 0.005% | R18.57 |
| Illuminating Paraffin | R11.66 |
| COASTAL | October |
| Petrol 93 | R19.94 |
| Petrol 95 | R20.26 |
| Diesel 0.05% | R17.66 |
| Diesel 0.005% | R17.81 |
| Illuminating Paraffin | R11.66 |
