As we approach the middle of the month, we can take a look at the available data and make some predictions on the fuel price. As it stands, South Africa will benefit from further price decreases!

Thanks to the data published by the Central Energy Fund on the 13th September 2022, we can start making some predictions on the price of petrol, diesel and illuminating paraffin. There’s good news as the current trajectory indicates a reduction in the price of petrol, but unfortunately the price of diesel could increase.

South African motorists have had a great run of two back-to-back months of price reductions that have helped take the sting out of the cost of living. So, how is October shaping up? Based on the CEF’s release, we’re looking at a petrol 95 decrease of R1.44 per litre, petrol 93 decrease of R1 35 per litre, while diesel may increase by 66 cents and 73 cents per litre for 0.05% and 0.005% respectively. Paraffin is pointing towards a 7 cents a litre increase.

It’s important to note these are predictions based on the current economic factors like exchange rate and price of the product at the global market. Fingers crossed things remain stable and steady over the coming weeks and if this happens, motorists can enjoy some relief at the pumps if they drive petrol-powered vehicles.

We’ll update this article towards the end of September 2022.

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