Fuel prices are increasing in South Africa in November 2022with diesel prices showing the largest increases. See the details below…

The South African economy is limping along towards the close of 2022. The impact of Eskom load shedding has had an adverse effect on the economy but rising fuel prices will be the salt in the wound as households struggle to grapple with the rapidly increasing cost of living.

During October 2022, the Rand depreciated further against the US Dollar while international product prices of petrol, diesel and illuminating paraffin also increased, resulting in higher contributions to the Basic Fuel Prices.

The following fuel price increases will take effect on Wednesday 2 November 2022.

Petrol (both 93 and 95 grades) will increase by 51 cents per litre.Diesel 0.05% Sulphur will increase by R1.42.86 per litreDiesel 0.005% Sulphur will increase by R1.43.86 per litreIlluminating Paraffin will increase by 77 cents per litre

These latest increases will have a severe negative impact on the economy and consumers can expect further increases in food and goods prices in the coming weeks/months as higher input costs are transferred to customers.

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