Fuel prices in South Africa will be reduced further in September 2022 bringing much-needed relief to overburdened consumers. See the fuel price adjustments below!

After months of brutal fuel price increases, motorists in South Africa will undoubtedly welcome another round of fuel price cuts in September 2022.

Fuel price adjustments from the Central Energy Fund (CEF) have been announced!

The price of both grades of petrol will be slashed by R2.04 per litre while the price of both grades of diesel (0.05% and 0.005% sulphur) will drop by 56.34 c/l and 36.34 c/l respectively while the price of illuminating paraffin will be cut by R1.09 per litre.

The Automobile Association of South Africa (AA) commented, “These decreases are certainly welcome and will provide some relief to motorists. Considering the expected decrease to ULP95, for instance, the price for this fuel will drop from its current R25.42/l to R23.07/l. This is cheaper than the June price of R24.17/l but still significantly higher than R21.84/l May pricing. It is also way off the January pricing of R19.61/l. Nevertheless, any decrease to fuel prices is good news”.

The expected reductions are predominantly driven by lower international petroleum prices despite the ongoing weakness in the Rand/Dollar exchange rate.

“Although we are expecting fuel to be cheaper in September, we remain concerned about the overall high prices which impact on all consumers. The price hikes in June and July will continue to impact the economy, and on the financial situation of all South Africans. A sustainable solution to mitigating rising fuel costs is still necessary and until that solution is found, citizens will be at the mercy of fuel price hikes” says the AA.

The AA further reiterates its call on the South African government to initiate a transparent review of fuel prices in an effort to find a solution. The AA believes that scrapping the General Fuel Levy (GFL) is not the solution.

Commenting on the matter, the AA says, “We note the calls by those who say this is a way of reducing the fuel price but in our view this will not solve the problem; it will simply force government to find alternative ways to collect the revenue generated by this tax. Instead, the structure and composition of the fuel price must be considered, along with a deeper interrogation of how government currently allocates its funds”.

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