The Department of Mineral Resources and Energy has published the official diesel and petrol price adjustments for February 2024, showing a jump for both petrol and diesel.
The price adjustments will come into effect on Wednesday, 7 February 2024.
Petrol prices will be hiked by 75 cents per litre, and diesel will be going up by 70 to 73 cents a litre.
| Fuel | Price Change |
| Petrol 93 | increase of 75 cents per litre |
| Petrol 95 | increase of 75 cents per litre |
| Diesel 0.05% (wholesale) | increase of 73 cents per litre |
| Diesel 0.005% (wholesale) | increase of 70 cents per litre |
| Illuminating Paraffin | increase of 53 cents per litre |
| LPGAS | increase of 37 cents per kg |
The average international product prices for Petrol, Diesel and Illuminating Paraffin increased 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 28 December 2023 to 1 February 2024 was 18.7655 compared to 18.6608 during the previous period.
This led to a higher contribution to the Basic Fuel Prices of petrol, diesel and illuminating paraffin by 6.86 c/l, 7.41 c/l and 7.54 c/l, respectively.
Read: Limpopo Tops List of Most Garages Selling Diesel Mixed With Paraffin – DMRE Report
In line with the provisions of the Self-Adjusting Slate Levy Mechanism, the Slate Levy on petrol and diesel will remain at 0.00 c/l with effect from 7 February 2024.
The Single Maximum National Retail Price for the period 7 February 2024 to 5 March 2024 will be 2 052.0 c/l compared to 1 981.0 c/l for the period 03 January 2024 to 06 February 2024.
This is how the price changes will reflect at the pumps (Diesel prices reflect wholesale, pump prices will differ):
| Inland | January Official | February Official |
| 93 Petrol | R22.17 | R22.92 |
| 95 Petrol | R22.49 | R23.24 |
| Diesel 0.05% (wholesale) | R20.63 | R21.36 |
| Diesel 0.005% (wholesale) | R20.73 | R21.43 |
| Illuminating Paraffin | R15.31 | R15.84 |
| LPGAS (per kg) | R37.53 | R37.90 |
| Coastal | January Official | February Official |
| 93 Petrol | R21.45 | R22.20 |
| 95 Petrol | R21.77 | R22.52 |
| Diesel 0.05% (wholesale) | R19.91 | R20.64 |
| Diesel 0.005% (wholesale) | R20.04 | R20.74 |
| Illuminating Paraffin | R14.38 | R14.91 |
| LPGAS (per kg) | R34.57 | R34.94 |
