{"id":870198,"date":"2026-08-14T09:29:58","date_gmt":"2026-08-14T07:29:58","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=870198"},"modified":"2026-08-14T09:31:08","modified_gmt":"2026-08-14T07:31:08","slug":"here-is-the-expected-petrol-price-for-september-10","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/energy\/870198\/here-is-the-expected-petrol-price-for-september-10\/","title":{"rendered":"Here is the expected petrol price for September"},"content":{"rendered":"\n
Mid-month data from the Central Energy Fund (CEF) shows that motorists in South Africa are in for pain at the pumps next month, as the resurgence of war in the Middle East batters oil markets.<\/p>\n\n\n\n
According to the CEF’s data, petrol prices are showing an under-recovery of between 63 and 74 cents per litre.<\/p>\n\n\n\n
Diesel prices, meanwhile, have a much larger under-recovery of R2.73-R2.89 per litre, with the impact from the Middle East exacerbated by strain on global diesel supplies.<\/p>\n\n\n\n
The only consolation in the mid-month data is that the under-recoveries have pulled back from higher levels at the start of the month.<\/p>\n\n\n\n
The September review period started with petrol under-recoveries around R1 per litre, and diesel at about R5 per litre.<\/p>\n\n\n\n
However, the easing of recoveries is little comfort to motorists, who have been paying R5.50 and R8.50 more per litre for petrol and diesel since the start of the war.<\/p>\n\n\n\n
At current recovery levels, this will increase to over R6 and R11 per litre, respectively.<\/p>\n\n\n\n
These are the recoveries at mid-month:<\/p>\n\n\n\n
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Petrol 93:<\/strong> increase<\/mark> of R0.63 per litre<\/li>\n\n\n\n
Petrol 95:<\/strong> increase<\/mark> of R0.74 per litre<\/li>\n\n\n\n
Diesel 0.05% (wholesale): <\/strong>increase<\/mark> of R2.73 per litre<\/li>\n\n\n\n
Diesel 0.005% (wholesale):<\/strong> increase<\/mark> of R2.89 per litre<\/li>\n\n\n\n
Illuminating paraffin: <\/strong>increase<\/mark> of R2.15 per litre<\/li>\n<\/ul>\n\n\n\n
With half the month still to go, the recovery data can change\u2014as seen in the swing from positive to negative in July\u2014but at this point, the hikes are much more likely.<\/p>\n\n\n\n
According to Investec Chief Economist, a stronger rand versus the dollar and oil prices sticking under $90 a barrel have spurred some sentiment that recoveries will be flat by the end of the month.<\/p>\n\n\n\n
However, this is entirely contingent on the United States-Iran War and whether the two nations can move towards peace.<\/p>\n\n\n\n
To this end, Bishop said that a near-term peace deal is seen as unlikely.<\/p>\n\n\n\n
Oil prices are currently trading at $88 a barrel, having fluctuated wildly over the past few weeks as markets digested developments in the war.<\/p>\n\n\n\n
After a period where it appeared that the United States and Iran would find a peaceful outcome to the conflict, talks between the two collapsed in mid-July.<\/p>\n\n\n\n
This led to the Strait of Hormuz being shut down once again, sending oil prices shooting up to $100 a barrel.<\/p>\n\n\n\n
The price eased after some shipping through the Strait managed to continue, but the critical passageway is not yet open.<\/p>\n\n\n\n
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