Here’s the bad fuel price news for South Africa’s motorists
· The South African
South Africa’s motorists are facing a potentially painful fuel price increase in September, with the latest Central Energy Fund (CEF) figures pointing to sharp hikes across petrol, diesel and illuminating paraffin.
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The latest data shows that the outlook has deteriorated, with motorists potentially paying more than R1 extra per litre for 95 petrol if current market conditions persist until the end of August.
The CEF’s latest indications point to increases of approximately:
- 93 unleaded petrol: +96 cents/litre
- 95 unleaded petrol: +107 cents/litre
- 0.05% diesel: +R2.71/litre
- 0.005% diesel: +R2.92/litre
- Illuminating paraffin: +R2.12/litre
These are not yet the final September adjustments. The figures can still change significantly depending on international oil prices and movements in the rand against the US dollar during the remainder of the month.
Diesel motorists face the biggest blow
Diesel users are facing the biggest potential increases.
At the current indication, a 50-litre tank of 0.005% diesel could cost about R146 more than it would before the adjustment.
A 50-litre tank of 95 petrol, meanwhile, would cost approximately R53.50 more if the full indicated increase of R1.07 per litre is passed on to motorists.
The impact would extend well beyond filling stations.
Higher diesel prices can put additional pressure on farmers, transport companies, logistics operators and businesses, with increased fuel costs potentially filtering through into the prices of goods and services.
Why are fuel prices rising?
South Africa’s monthly fuel price adjustments are heavily influenced by international petroleum prices and the rand/dollar exchange rate.
When international oil prices rise, or the rand weakens against the US dollar, the cost of importing fuel increases.
The CEF’s daily under-recovery figures therefore provide an indication of whether fuel prices are currently being over- or under-recovered at the existing pump prices.
The latest figures suggest that fuel prices would need to rise substantially to compensate for current market conditions.
But the final price isn’t set yet
Motorists should not regard the current figures as the final September increase.
The CEF updates its data daily, meaning the outlook can move considerably before the month-end review is completed.
A stronger rand or lower international oil prices could reduce the eventual increase, while further deterioration in either factor could push the adjustment even higher.
The final September fuel price announcement will therefore be closely watched by motorists and businesses alike.
When will the new prices take effect?
The September fuel price adjustment is expected to take effect at midnight on Tuesday, 1 September.
Latest numbers
Below, the latest projections for September 2026 as received by The South African website from the Central Energy Fund (CEF):
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 priceAt the time of publishing the brent crude oil price is $89.56 a barrel.
Exchange rateAt the time of publishing the rand/dollar exchange rate is R15.98/$