The Department of Petroleum and Mineral Resources has published the official fuel price adjustments that will take effect on Wednesday, 1 January 2025.
December saw both the global price of petrol increase and the rand weaken relative to November, leading to an under-recovery in prices.
This has translated to a price hike at the pumps, marking the second consecutive month of increases.
Prices will increase by 12 and 19 cents per litre for 93 and 95 petrol, respectively, and between 7.50 and 10.50 cents per litre for diesel.
The table below outlines the changes:
| Fuel | Change |
| Petrol 93 | increase of 19.00 cents per litre |
| Petrol 95 | increase of 12.00 cents per litre |
| Diesel 0.05% (wholesale) | increase of 7.50 cents per litre |
| Diesel 0.005% (wholesale) | increase of 10.50 cents per litre |
| Illuminating Paraffin (Wholesale) | decrease of 9.50 cents per litre |
| LPGAS | increase of 13.0 cents per kg |
As per the provisions of the Self-Adjusting Slate Levy Mechanism, the Slate Levy on petrol and diesel will remain at 0.00 c/l with effect from 01 January 2025.
The Central Energy Fund (CEF) said that average international product prices for Petrol increased, whilst Diesel and Illuminating Paraffin decreased during the period under review.
On average, the rand depreciated against the US Dollar during the period under review, when compared to the previous period, with the average ZAR/USD exchange rate for the period being 18.1120 compared to 17.9256 during the previous period.
“This led to a higher contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 10.58 c/l, 11.11 c/l, and 10.90 c/l respectively,” said the CEF.
Credit: @BusinessTech