Good News for South African Motorists: Fuel Prices Expected to Drop in October 2024
Here Are The Expected Petrol And Diesel Prices For October
South African motorists may have more reason to smile as October 2024 approaches, with projections showing another drop in fuel prices.
Following a significant decrease in September, fuel costs could dip again next month, offering relief to drivers across the country.
According to data from the Central Energy Fund (CEF), petrol and diesel prices are expected to decrease in early October if current market trends hold steady.
| FUEL | PRICE CHANGE |
| Petrol 93 | decrease of 105 cents |
| Petrol 95 | decrease of 113 cents |
| Diesel 0.05% | decrease of 112 cents |
| Diesel 0.005% | decrease of 110 cents |
| Illuminating Paraffin | decrease of 108 cents |
For petrol users, motorists using 93 octane petrol could see a decrease of 105 cents per litre, while 95 octane users are likely to experience a 113 cents per litre drop.
Diesel prices are also expected to fall, with decreases ranging from 110 to 112 cents per litre. Illuminating paraffin is predicted to decrease by 108 cents per litre.
Fuel prices in South Africa are influenced by two main factors: the international price of petroleum products and the rand/dollar exchange rate.
Currently, the Brent crude oil price stands at $74.94 per barrel, while the rand trades at R17.27 to the dollar.
Both of these factors will play a key role in determining the final fuel prices for October, which will be confirmed closer to the end of the month.
As of now, September 2024 fuel prices are as follows:
- Inland:
- Petrol 93: R21.79
- Petrol 95: R22.19
- Diesel 0.05%: R19.59
- Diesel 0.005%: R19.69
- Illuminating Paraffin: R13.77
- Coastal:
- Petrol 93: R21.00
- Petrol 95: R21.40
- Diesel 0.05%: R18.80
- Diesel 0.005%: R18.93
- Illuminating Paraffin: R12.77
South Africans are encouraged to drive cautiously and conserve fuel as they await the official price drop, which is expected to take effect at midnight on 1 October 2024.
