As has been reported in updates throughout March, both petrol types will see price hikes. However, the hike is almost double the previous estimate of R0.35 per litre, with the official increase being R0.65 and R0.67 per litre for inland prices.For instance, diesel 0.05% will increase by 3 cents per litre inland, while decreasing by 4 cents in coastal areas.The Minister of Finance, in his Budget Speech on 21 February 2024, announced that the Carbon Fuel levy will increase by 1.
As a result of the different transport tariff adjustments to be implemented in April, price changes to similar products will differ in the 54 Magisterial District Pricing Zones. The Rand appreciated against the US Dollar during the period under review, on average, when compared to the previous period.
This led to a lower contribution to the Basic Fuel Prices of petrol, diesel and illuminating paraffin by 10.78 c/l, 10.88 c/l and 10.74 c/l, respectively.