The latest projections from the Central Energy Fund (CEF) for April 2024 suggest a mixed bag for South African drivers. While initial optimism pointed towards a decrease in diesel prices, recent developments have dampened those hopes.
Market Shifts:
- A rise in Brent crude oil price and a weakening rand against the dollar have impacted predictions.
- This follows price increases for both petrol and diesel in March 2024.
Projected Changes (Assuming Stable Market Conditions):
| Fuel Type | Inland (R/L) | Coastal (R/L) | Change (Inland) | Change (Coastal) |
|---|---|---|---|---|
| Petrol 93 | 24.46 | 23.75 | +0.33 | +0.34 |
| Petrol 95 | 24.79 | 24.07 | +0.34 | +0.34 |
| Diesel 0.05% | 21.98** – 22.27** | 21.46** – 21.75** | -0.44 to -0.15 | -0.24 to -0.18 |
| Diesel 0.005% | 22.13** – 22.42** | 21.61** – 21.90** | -0.49 to -0.20 | -0.32 to -0.03 |
| Illuminating Paraffin | 16.12 | 15.19 | -0.36 | -0.36 |
drive_spreadsheetExport to Sheets
Important Note:
- These are projections based on current market conditions, which can fluctuate.
- Final price changes for petrol and diesel will be confirmed in the coming weeks, with the new prices taking effect on April 2nd.
- Bold price ranges indicate a decrease depending on the final market conditions.
Current Fuel Prices (March 2024)
| Fuel Type | Inland (R/L) | Coastal (R/L) |
|---|---|---|
| Petrol 93 | 24.13 | 23.41 |
| Petrol 95 | 24.45 | 23.73 |
| Diesel 0.05% | 22.42 | 21.70 |
| Diesel 0.005% | 22.62 | 21.93 |
| Illuminating Paraffin | 16.48 | 15.55 |
drive_spreadsheetExport to Sheets
Fuel Price Factors:
- International price of petroleum products (mainly driven by oil prices)
- Rand/dollar exchange rate used to purchase these products
Stay Informed:
- The final price changes will be confirmed closer to April.
- Monitor news sources for updates.
Additional Tips:
- Consider adopting fuel-efficient driving habits to manage fuel costs.
- Shop around for competitive fuel prices at different stations.