October fuel price outlook: minor adjustments expected next week
The official fuel price adjustments will be announced early next week, ahead of coming into effect on Wednesday, October 1.
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Get ready for October's fuel price adjustments: minor changes are anticipated according to the Central Energy Fund's latest intel.
Little Change in Petrol Prices
The Central Energy Fund (CEF) indicates that petrol prices may remain similar in October, with an under-recovery of three cents for 95 Unleaded petrol and an over-recovery for 93 Unleaded. Prices could fluctuate slightly based on influencing factors such as the Slate Levy.
Minor Decrease in Diesel Prices
Diesel prices are expected to see minor adjustments, with a decrease of ten cents for 500ppm and eight cents for the cleaner 50ppm. These changes are set to be announced early next week.
Impact of the Stronger Rand
While international fuel prices have slightly increased, a stronger rand is providing relief. The South African currency appreciated significantly, reaching R17.30, which has countered the effects of rising international prices.
Stable Fuel Prices for 2025
Fuel prices have remained stable throughout most of the year, with petrol and diesel prices closely resembling those seen earlier in the year. The overall stability is attributed to both the stronger rand and relatively low international oil prices.
Current Fuel Prices
As of now, 95 Unleaded petrol costs R20.76 at the coast and R21.55 in Gauteng, while 93 Unleaded is priced at R21.47. For diesel, the wholesale cost of 50ppm is R18.71 at the coast and R19.47 in Gauteng.
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