March Fuel Price Increase – Coastal and Inland Prices

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Extra unhealthy information is on the horizon for South African motorists – March gasoline costs will rise throughout the board from Wednesday. Right here is how a lot it should now value per litre at each inland and coastal places. March 2024

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The Central Vitality Fund (CEF) has introduced that the retail costs of petrol, diesel and illuminating paraffin will all improve from Wednesday. Whereas the upper worldwide oil worth has been a significant contributing issue, the weakening rand has executed no favours for motorists on the pumps for March. Throughout the nation, all octanes of petrol will improve by R1.21 whereas 500 ppm diesel at wholesale will improve by R1.06 and 50 ppm diesel will improve by R1.19.

“Whereas the weaker rand is contributing a small margin to the under-recovery and improve in costs anticipated, the general image seems bleak and shoppers will really feel the pinch,” mentioned the Vehicle Affiliation.

  • Inland Petrol Unleaded 93 – R24.13 (up from 22.92)
  • Inland Petrol Unleaded 95 – R24.45 (up from R23.24)
  • Coastal Petrol Unleaded 93 – R23.41 (up from R22.10)
  • Coastal Petrol Unleaded 95 – R23.73 (up from R22.52)
  • Inland Diesel 500 ppm – R22.42 (up from R21.36)
  • Inland Diesel 50 ppm – R22.62 (up from R21.43)
  • Coastal Diesel 500 ppm – R21.70 (up from R20.64)
  • Coastal Diesel 50 ppm – R21.93 (up from R20.72)

Associated: Fuel Levies Will Stay as is For Now – Finance Minister

With this in thoughts, the finance minister agreed to depart the gasoline levies unchanged after they too have been rumoured to be raised for the brand new monetary yr. This choice by the South African authorities is owed to any pointless additional will increase including important pressure to the already cash-strapped South Africans. This now ranks the present worth of petrol in South Africa because the third-highest within the nation’s historical past, after it reached R26.31 per litre in July 2022 and R24.99 per litre in August 2022.

Associated: Massive Fuel Price Hike Expected for March 2024

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