The Department of Petroleum and Mineral Resources has published the official fuel price adjustments that will take effect on Wednesday, 5 February 2025.<\/p>\n\n\n\n
January saw both the global price of petrol increase and the rand come in weaker relative to December, leading to an under-recovery in prices.<\/p>\n\n\n\n
This has translated to a price hike at the pumps, marking the fourth consecutive month of increases, and the second increase for 2025.<\/p>\n\n\n\n
Prices will be going up by 82 cents per litre for 93 and 95 petrol<\/strong>, respectively, and between\u00a0R1.01 and R1.05 cents per litre for diesel<\/strong>.<\/p>\n\n\n\n The table below outlines the changes:<\/p>\n\n\n\n The average Brent Crude oil price increased from 72.78 US Dollars (USD) to 77.41 USD during the period under review. <\/p>\n\n\n\n The main contributing factors increased demand due to cold weather in the Northern Hemisphere, anticipated increase in demand for oil from China following economic stimulation policies. <\/p>\n\n\n\n On the other hand, supply was affected by OPEC+ decision to delay production increase until April 2025 as well as new sanctions against Russia and Iran which could further constrain supply and result in higher freight rates.<\/p>\n\n\n\n The average international petroleum product prices followed the increasing trend of crude oil while the prices of LPG increased because of higher freight cost amid the cold winter season in the Northern Hemisphere. <\/p>\n\n\n\n These factors led to higher contributions to the Basic Fuel Prices of petrol, diesel and illuminating paraffin by 46.06 c\/l, 66.26 c\/l and 58.64 cents per litre (c\/l) respectively.<\/p>\n\n\n\n The Rand depreciated on average, against the US Dollar (from 18.11 to 18.73 Rand per USD) during the period under review when compared to the previous one. <\/p>\n\n\n\n This led to higher contributions to the Basic Fuel Prices of petrol, diesel and Illuminating Paraffin by 36.85 c\/l, 39.58 c\/l and 38.61 cents per litre (c\/l) respectively.<\/p>\n\n\n\n The cumulative slate amounted to a positive balance of R4.05 billion for petrol and diesel of at the end of December 2024.<\/p>\n\n\n\n In line with the provisions of the Self-Adjusting Slate Levy Mechanism, a slate levy remains unchanged at zero cents per litre in the price structures of petrol and diesel with effect from February 5, 2025.<\/p>\n\n\n\n This is how the price changes will reflect at the pumps (Diesel prices reflect wholesale, pump prices will differ):<\/p>\n\n\n\n The Department of Petroleum and Mineral Resources has published the official fuel price adjustments that will take effect on Wednesday, 5 February 2025.<\/p>\n","protected":false},"author":10,"featured_media":644669,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[21612,2923],"class_list":["post-809891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-department-of-petroleum-and-mineral-resources","tag-petrol-prices"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/809891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=809891"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/809891\/revisions"}],"predecessor-version":[{"id":811828,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/809891\/revisions\/811828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/644669"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=809891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=809891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=809891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Fuel<\/strong><\/td> Change<\/strong><\/td><\/tr> Petrol 93<\/td> increase<\/mark><\/mark><\/mark> of 82 cents per litre<\/td><\/tr> Petrol 95<\/td> increase<\/mark><\/mark> of 82 cents per litre<\/td><\/tr> Diesel 0.05% (wholesale)<\/td> increase<\/mark> of 105 cents per litre<\/td><\/tr> Diesel 0.005% (wholesale)<\/td> increase<\/mark><\/mark> of 101 cents per litre<\/td><\/tr> Illuminating Paraffin (Wholesale)<\/td> increase<\/mark> of 97 cents per litre<\/td><\/tr> LPGAS<\/td> increase<\/mark><\/mark> <\/mark>of 42 cents per kg<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n <\/ol>\n\n\n\n
\n\n\n\nInland<\/strong><\/td> January Official<\/strong><\/td> February Official<\/strong><\/td><\/tr> 93 Petrol<\/td> R21.34<\/td> R22.16<\/td><\/tr> 95 Petrol<\/td> R21.59<\/td> R22.41<\/td><\/tr> Diesel 0.05% (wholesale)<\/td> R19.29<\/td> R20.34<\/td><\/tr> Diesel 0.005% (wholesale)<\/td> R19.44<\/td> R20.45<\/td><\/tr> Illuminating Paraffin<\/td> R13.26<\/td> R14.23<\/td><\/tr> LPGAS (per kg)<\/td> R38.29<\/td> R38.71<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n Coastal<\/strong><\/td> January Official<\/strong><\/strong><\/strong><\/strong><\/strong><\/td> February Official<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr> 93 Petrol<\/td> R20.55<\/td> R21.37<\/td><\/tr> 95 Petrol<\/td> R20.80<\/td> R21.62<\/td><\/tr> Diesel 0.05% (wholesale)<\/td> R18.50<\/td> R19.55<\/td><\/tr> Diesel 0.005% (wholesale)<\/td> R18.68<\/td> R19.69<\/td><\/tr> Illuminating Paraffin<\/td> R12.26<\/td> R13.23<\/td><\/tr> LPGAS (per kg)<\/td> R35.33<\/td> R35.75<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"