Here is the official petrol price for March

The Department of Mineral Resources and Energy has published the official fuel price adjustments for March 2023.

As projected last week, petrol and diesel prices will increase in March by 127 cents and 30 cents per litre, respectively.

The changes will come into effect from Wednesday, 1 March 2023.

The average international product prices for Petrol increased whilst Diesel 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 27 January 2023 to 23 February 2023 was 17.7402 compared to 17.0462 during the previous period.

This led to a higher contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 48.26 c/l, 52.12 c/l and 53.56 c/l, respectively.

The combined cumulative petrol and diesel Slate balances at the end of January 2023 amounted to a negative balance of R 2.711 billion.

In line with the provisions of the Self-Adjusting Slate Levy Mechanism, a Slate Levy of 21.92 c/l (increase of 4.38 c/l) will be implemented into the price structures of petrol and diesel with effect from 01 March 2023.

This is how the price changes will reflect at the pumps:

Read: Good news for petrol prices in South Africa