Both diesel and petrol prices will go up on Wednesday, 2 November. The Department of Mineral Resources and Energy published the latest fuel adjustments for November 2022, which show a big jump in prices for both petrol and diesel.
Here is how the fuel prices will look like come Wednesday;
Diesel 0.05% will increase by 143 cents per litre and Diesel 0.005% will increase by 144 cents per litre. Petrol 93 sees an increase of 51 cents per litre while Petrol 95 will increase by 51 cents per litre. Illuminating Paraffin (wholesale) also increases by 77 cents per litre. Only LPGAS will decrease by 98 cents per kilogram.
The average international product prices for Diesel, Petrol and Illuminating Paraffin decreased during the period under review.
The rand depreciated against the US dollar during the period under review, on average, when compared to the previous period. The average rand/US dollar exchange rate for the period 30 September to 27 October 2022 was 18.1099 compared to 17.5547 during the previous period.
This led to a higher contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 37.55 c/l, 51.43 c/l and 48.02 c/l, respectively.
The combined cumulative petrol and diesel Slate balances at the end of September 2022 amounted to a negative balance of R8.120 billion. In line with the provisions of the Self-Adjusting Slate Levy Mechanism, a Slate Levy of 70.14 c/l (decrease of 13.14 c/l) has been implemented into the price structures of petrol and diesel with effect from 02 November 2022.
This is how the expected price changes could reflect at the pumps inland. 93 Petrol will rise from R22.06 in October to R22.57 and 95 Petrol jumps from R22.36 to R22.87.
0.05% diesel (wholesale) will jump from R24.06 in October to R25.49 while 0.005% diesel (wholesale) rises from R24.31 to R25.75 while Illuminating Paraffin jumps from R16.99 in October to R17.76 in November. LPGAS (p/kg) drops from R34.07 to R33.09.
At coastal pumps 0.05% diesel (wholesale) will increase from R23.41 to R24.84 while 0.005% diesel (wholesale) jumps from R23.67 to R25.11 as well as Illuminating Paraffin from R16.20 to R16.97.
93 Petrol will R21.92 from R21.41 in October while 95 Petrol jumps from R21.71 to R22.22. LPGAS (p/kg) will drop from R31.66 to R30.68
