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The South African
a day ago
- Business
- The South African
Petrol price drop, diesel price hike for August 2025
The latest petrol and diesel price projections show that there's likely to be mixed news at the pumps in early August. While the petrol price is set to drop, the diesel price will hit South Africa's motorists harder in the pocket should market conditions remain the same for the next couple of weeks. Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Monday, 21 July. FUEL PRICE CHANGE Petrol 93 decrease of 28 cents Petrol 95 decrease of 24 cents Diesel 0.05% increase of 66 cents Diesel 0.005% increase of 65 cents Illuminating Paraffin increase of 30 cents If the market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate fluctuating and the oil price ever changing – a decrease of 28 cents is expected for petrol 93 octane motorists and a decrease of 24 cents for 95 users. Meanwhile, diesel motorists would see something between a 65 and 66 cents per litre increase. Finally, illuminating paraffin is expected to rise by 30 cents in price. 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 $68.85 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R17.64/$. The final overall price changes for both petrol and diesel will be confirmed early next month with the new prices taking effect at midnight on Tuesday, 5 August 2025. Go easy on the accelerator until then, Mzansi. INLAND July Petrol 93 R21.79 Petrol 95 R21.87 Diesel 0.05% R19.35 Diesel 0.005% R19.41 Illuminating Paraffin R13.16 COASTAL July Petrol 93 R21.00 Petrol 95 R21.04 Diesel 0.05% R18.52 Diesel 0.005% R18.65 Illuminating Paraffin R12.14 Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
5 days ago
- Business
- The South African
Mixed news for petrol and diesel prices for August 2025
The latest petrol and diesel price projections show that there's likely to be mixed news at the pumps in early August for South Africa's motorists. While the petrol price is set to drop, the diesel price will hit motorists harder in the pocket should market conditions remain the same for the next couple of weeks. Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Thursday, 17 July. FUEL PRICE CHANGE Petrol 93 decrease of 26 cents Petrol 95 decrease of 22 cents Diesel 0.05% increase of 63 cents Diesel 0.005% increase of 62 cents Illuminating Paraffin increase of 27 cents If the market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate fluctuating and the oil price ever changing – a decrease of 26 cents is expected for petrol 93 octane motorists and a decrease of 22 cents for 95 users. Meanwhile, diesel motorists would see something between a 62 and 63 cents per litre increase. Finally, illuminating paraffin is expected to rise by 27 cents in price. 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 $69.92 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R17.76/$. The final overall price changes for both petrol and diesel will be confirmed early next month with the new prices taking effect at midnight on Tuesday, 5 August 2025. Go easy on the accelerator until then, Mzansi. INLAND July Petrol 93 R21.79 Petrol 95 R21.87 Diesel 0.05% R19.35 Diesel 0.005% R19.41 Illuminating Paraffin R13.16 COASTAL July Petrol 93 R21.00 Petrol 95 R21.04 Diesel 0.05% R18.52 Diesel 0.005% R18.65 Illuminating Paraffin R12.14 Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
15-07-2025
- Business
- The South African
Here's the mid-month petrol and diesel price projection for August
The mid-month petrol and diesel price projections show there's likely to be mixed news at the pumps in early August for South Africa's motorists. Petrol is set to drop in price, while the diesel price will hit motorists harder in the pocket should market conditions remain the same for the next three weeks. Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Monday, 14 July. FUEL PRICE CHANGE Petrol 93 decrease of 24 cents Petrol 95 decrease of 20 cents Diesel 0.05% increase of 63 cents Diesel 0.005% increase of 62 cents Illuminating Paraffin increase of 26 cents If the market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate fluctuating and the oil price ever changing – a decrease of 24 cents is expected for petrol 93 octane motorists and a decrease of 20 cents for 95 users. Meanwhile, diesel motorists would see something between a 62 and 63 cents per litre increase. Finally, illuminating paraffin is expected to rise by 26 cents in price. 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 $68.78 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R17.83/$. The final overall price changes for both petrol and diesel will be confirmed early next month with the new prices taking effect at midnight on Tuesday, 5 August 2025. Go easy on the accelerator until then, Mzansi. INLAND July Petrol 93 R21.79 Petrol 95 R21.87 Diesel 0.05% R19.35 Diesel 0.005% R19.41 Illuminating Paraffin R13.16 COASTAL July Petrol 93 R21.00 Petrol 95 R21.04 Diesel 0.05% R18.52 Diesel 0.005% R18.65 Illuminating Paraffin R12.14 Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
09-07-2025
- Business
- The South African
Here's the GOOD news for petrol vehicle owners and BAD news for diesel drivers
Despite recent turbulence in global oil markets, a resilient rand is helping to moderate local fuel price fluctuations, paving the way for potential petrol price cuts in August. According to the latest data from the Central Energy Fund (CEF), petrol prices in South Africa are currently showing signs of an over-recovery, indicating that pump prices could drop if current trends persist. One of the key global developments influencing the market is the resurgence in oil prices following US President Donald Trump's announcement that he would reinstate and expand his controversial 'Liberation Day' tariff regime. South Africa is among the countries facing these tariffs, with a 30% duty set to take effect from 1 August, after a three-week implementation delay designed to allow for further negotiation. The announcement has added some pressure to global oil prices, pushing Brent crude from around $66 to just over $70 a barrel. However, unlike previous instances of Trump's unpredictable trade policy shifts, markets responded with less panic, thanks in part to the advance warning and measured rollout. At home, the rand has held firm despite global uncertainty, helping South Africa buffer the impact of rising oil prices. This has helped keep petrol price recoveries in check, while broader trends point toward an oversupply of oil globally, driven by a fragile ceasefire in the Middle East and renewed focus on OPEC+ production. Below, the latest projections as received by The South African website from the Central Energy Fund (CEF), effective Tuesday, 8 July. FUEL PRICE CHANGE Petrol 93 decrease of 26 cents Petrol 95 decrease of 23 cents Diesel 0.05% increase of 58 cents Diesel 0.005% increase of 56 cents Illuminating Paraffin increase of 22 cents If the market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate fluctuating and the oil price ever changing – a decrease of 26 cents is expected for petrol 93 octane motorists and a decrease of 23 cents for 95 users. Meanwhile, diesel motorists would see something between a 56 and 58 cents per litre increase. Finally, illuminating paraffin is expected to rise by 22 cents in price. 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 $70.44 a barrel. Exchange rate At the time of publishing the rand/dollar exchange rate is R17.84/$. The final overall price changes for both petrol and diesel will be confirmed early next month with the new prices taking effect at midnight on Tuesday, 5 August 2025. Go easy on the accelerator until then, Mzansi. INLAND July Petrol 93 R21.79 Petrol 95 R21.87 Diesel 0.05% R19.35 Diesel 0.005% R19.41 Illuminating Paraffin R13.16 COASTAL July Petrol 93 R21.00 Petrol 95 R21.04 Diesel 0.05% R18.52 Diesel 0.005% R18.65 Illuminating Paraffin R12.14 Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The Citizen
03-07-2025
- Business
- The Citizen
Sapref unveils ambitious plans after R1 sale
THE Central Energy Fund (CEF), which bought South Africa's biggest former oil refinery, Sapref, for just R1 last year, said it plans to expand the refinery's capacity as part of a broader energy transition strategy. CEF is a government-owned company under the Department of Mineral Resources. Also read: eThekwini Municipality hopes to see Sapref revived Sapref, located in Prospecton, was previously owned by BP South Africa and Shell South Africa. At its peak before the 2022 floods, it produced 180 000 barrels of fuel per day, about 35% of the country's refining capacity. After it stopped production and shifted to importing fuel, the facility has handled about 70% of South Africa's petroleum fuel supply. Speaking at a recent conference in Cape Town, CEF's acting group CEO, Dr Tshepo Mokoka, said the need to increase capacity comes amid the country's rising demand for fuel. He said CEF aims to increase capacity to between 400 000 and 600 000 barrels per day. 'We want to address demand by processing the hydrocarbons that we have in South Africa as well as those in neighbouring countries,' said Mokoka. Hydrocarbons are organic compounds found in fossil fuels like crude oil, natural gas, and coal. Hydrocarbons are known for their combustibility, making them a primary energy source. Mokoka added that the CEF is striking a balance between renewable energy and hydrocarbons, which aligns government's broader strategy to implement a just energy transition from fossil to renewable energy. A University of South Africa professor, however, has questioned the R1 sale of Sapref to the government, saying it could have been designed for Sapref to evade its social and environmental liabilities. Llewellyn Leonard, of the university's Environmental Science Department, said decommissioning the refinery would have meant that Sapref was liable for the costs of restoring the site to its original state. 'Selling the refinery to the South African government, instead of decommissioning it, suggests that Sapref will not be held accountable for historical environmental liabilities and social injustices,' said Leonard. Over the years, Sapref was at loggerheads with nearby communities over air pollution and oil pipeline leaks. The acquisition of Sapref by CEF was approved by the Competition Commission in September 2024. For more South Coast Sun news, follow us on Facebook, Twitter and Instagram. You can also check out our videos on our YouTube channel or follow us on TikTok. Subscribe to our free weekly newsletter and get news delivered straight to your inbox. Do you have more information pertaining to this story? Feel free to let us know by commenting on our Facebook page or you can contact our newsroom on 031 903 2341 and speak to a journalist. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
