Official: Fuel Prices Drop Slightly in March – Here’s What You’ll Pay

The Department of Petroleum and Mineral Resources has announced fuel price adjustments effective Wednesday, 5 March 2025, bringing slight relief to motorists and truckers.

Fuel Prices Update

After starting February on a trajectory toward increases, a stabilizing rand and shifts in global oil prices resulted in a minor decrease in fuel prices for March.

Here’s what to expect:

• Petrol 93 & 95: Decrease of 7 cents per litre
• Diesel 0.05%: Decrease of 17.5 cents per litre
• Diesel 0.005%: Decrease of 23.5 cents per litre
• Illuminating Paraffin: Decrease of 6 cents per litre
• LPGAS: Decrease of 2 cents per kg

What Caused the Drop?

• International diesel prices declined, while petrol and paraffin saw small increases.
• The rand strengthened slightly against the US dollar, reducing import costs.
• These factors led to a lower Basic Fuel Price, translating into reduced fuel prices.

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New Fuel Prices for March

Inland Fuel Prices:

• Petrol 93: R22.09
• Petrol 95: R22.34
• Diesel 0.05% (wholesale): R20.16
• Diesel 0.005% (wholesale): R20.21
• Illuminating Paraffin: R14.18
• LPGAS: R38.56 per kg

Coastal Fuel Prices:

• Petrol 93: R21.30
• Petrol 95: R21.55
• Diesel 0.05% (wholesale): R19.37
• Diesel 0.005% (wholesale): R19.45
• Illuminating Paraffin: R13.18
• LPGAS: R35.40 per kg

Looking Ahead

While this price drop offers some relief, fuel prices remain a key concern for motorists and the transport industry. Will this downward trend continue, or is another increase on the horizon?