Fuel prices are set to increase on November 6, with 93 octane and 95 octane petrol prices to increase by 25c/ℓ. Diesel with a sulphur content of 0.05% will increase by 21c/ℓ and 0.005% sulphur diesel will increase by 20c/ℓ.
The wholesale price for illuminating paraffin will increase by 21c/ℓ and the single maximum national retail price will increase by 28c/ℓ.
The maximum retail price for liquefied petroleum gas will increase by 36c/kg.
While the rand strengthened against the dollar during October, which led an 8c/ℓ lower contribution to the basic fuel prices, the average international petroleum product prices increased on average, in line with the higher oil prices during the period, leading to higher contributions to the basic fuel prices.
The average Brent Crude oil price increased to $75.07/bl from $72.82/bl during the month.
Further, the cumulative slate of the State levy amounted to a positive balance of R5.6-billion for petrol and diesel at the end of September.
In line with the provisions of the Self-Adjusting Slate Levy Mechanism, a slate levy of zero cents per litre remains in the price structures of petrol and diesel with effect from the 6th of November 2024, the Department of Mineral Resources and Energy said in a statement. 