The early fuel projections from the Central Energy Fund (CEF) for March 2024 shows that BAD news lies ahead for diesel and petrol car owners.
QUIZ | Can you name every South African president since 1994?
The data is trending towards a big increase for both diesel and petrol prices at the pumps.
ALSO READ | List of South African presidents by AGE
This news comes on the back of price increases for both petrol and diesel earlier this month, as reported by The South African website.
MUST READ | South Africa’s Top 10 suburbs for houses sold in 2023
Below, the latest projections as received by The South African website from the CEF, effective Thursday, 15 February 2024.
If these market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate ever fluctuating and the oil price changing – an increase of 129 cents is expected for petrol 93 octane motorists and an increase of 132 cents for 95 users.
MUST READ | Which of South Africa’s 9 provinces is the LARGEST by population size?
Meanwhile, diesel motorists would see between a 138 to 154 cents per litre increase.
Finally, illuminating paraffin is expected to increase by 92 cents.
MUST READ | Does leaving appliances plugged in use power?
DID YOU KNOW | Children born to FOREIGN parents can qualify for SA citizenship
FUEL PRICE IN SOUTH AFRICA IMPACTED BY TWO MAIN FACTORS:
1. The international price of petroleum products, driven mainly by oil prices
2. The rand/dollar exchange rate used in the purchase of these products
ALSO READ | South African-designed SHARK barriers gain worldwide acclaim
Oil price
At the time of publishing the brent crude oil price is $82.71 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R18.91/$.
The final overall price changes for both petrol and diesel will be confirmed in the weeks ahead with the new prices coming into effect at midnight on Tuesday, 5 March.
WATCH | LIVE 24-hour wildlife stream: Ol Donyo Lodge in Kenya
Go easy on the accelerator until then, Mzansi.
The current FEBRUARY 2024 petrol and diesel prices (Inland and Coastal):
News Related
-
1024x768_france-antoine-dupont-and-fabian-galthie-oct-2023-jpg Fabien Galthie’s men went into the global tournament as one of the favourites but they were ousted in the last-eight. Les Bleus suffered a 29-28 defeat to the Springboks as they were eliminated at their home World Cup by the eventual champions. It was a similar story to 2019, ...
See Details:
Antoine Dupont still hurt by 'injustice' of World Cup loss to Springboks
-
China’s New Aircraft Carrier Begins Catapult Testing Testing of the catapults on the Chinese aircraft carrier Fujian has begun. This is an important step forward in the construction of this ship, which is set to be the first carrier in the People’s Liberation Army Navy, or PLAN, that launches aircraft ...
See Details:
China's New Aircraft Carrier Begins Catapult Testing
-
Aircraft Downed Inside Russia By Patriot System: Ukrainian Air Force The Ukrainian Air Force has now confirmed that a number of Russian aircraft shot down back in May over their own territory were indeed destroyed by a foreign-supplied Patriot air defense system. The possibility that Ukraine’s newly acquired Patriots may ...
See Details:
Aircraft Downed Inside Russia By Patriot System: Ukrainian Air Force
-
-
Exiled Mayor of Melitopol Ivan Fedorov delivers a speech during a meeting of the Foreign Affairs Committee of the European Parliament on April 20, 2022 in Brussels. Fedorov on Monday said Ukrainian partisans blew up a car with pro-Russian fighters inside over the weekend. A car with Chechen soldiers fighting ...
See Details:
Car With Pro-Russian Fighters Blown Up by Resistance: Exiled Mayor
-
-
Springbok lock opts not to renew contract with URC team Rugby World Cup-winning lock RG Snyman has opted not to extend his stay at Munster beyond the current season. This week, it was revealed by Munster that Snyman would seek new horizons once his deal with the Irish Province expires. ...
See Details:
Springbok lock opts not to renew contract with URC team
-
Pravin Gordhan’s deathly legacy: A threat to SA’s economic future In the corridors of power, where decisions shape the destiny of nations, one man has emerged as front runner for the dubious honour of being the architect of South Africa’s economic chaos – Minister of Public Enterprises Pravin Gordhan, at ...
See Details:
Pravin Gordhan’s deathly legacy: A threat to SA’s economic future
-
Pravin Gordhan’s deathly legacy: A threat to SA’s economic future In the corridors of power, where decisions shape the destiny of nations, one man has emerged as front runner for the dubious honour of being the architect of South Africa’s economic chaos – Minister of Public Enterprises Pravin Gordhan, at ...
See Details:
Antoine Dupont STILL hurt by ‘injustice’ of Rugby World Cup loss to Springboks
-
Pravin Gordhan’s deathly legacy: A threat to SA’s economic future In the corridors of power, where decisions shape the destiny of nations, one man has emerged as front runner for the dubious honour of being the architect of South Africa’s economic chaos – Minister of Public Enterprises Pravin Gordhan, at ...
See Details:
Rubber stamping NHI Bill will have damaging consequences for SA for generations
-
-
Pravin Gordhan’s deathly legacy: A threat to SA’s economic future In the corridors of power, where decisions shape the destiny of nations, one man has emerged as front runner for the dubious honour of being the architect of South Africa’s economic chaos – Minister of Public Enterprises Pravin Gordhan, at ...
See Details:
After the Bell: SA’s NHI healthcare disaster starts right here
-
Pravin Gordhan’s deathly legacy: A threat to SA’s economic future In the corridors of power, where decisions shape the destiny of nations, one man has emerged as front runner for the dubious honour of being the architect of South Africa’s economic chaos – Minister of Public Enterprises Pravin Gordhan, at ...
See Details:
Gupta-linked development land for sale
-
OTHER NEWS
A senior Volkswagen executive involved in a global cost-cutting strategy said on Friday, 24 November, he was “very worried” about the future of the company’s operations in South Africa, which ...
Read more »
Photograph: Toby Melville/Reuters Liz Truss, the shortest-serving prime minister in British history, who was famously shown to have a shorter shelf life than a lettuce, has effectively backed Donald Trump ...
Read more »
Standard Bank treasonous? We're literally helping to keep the lights on says CEO Bruce Whitfield speaks to Lungisa Fuzile, Standard Bank SA CEO. Standard Bank is one of 28 banks ...
Read more »
Israel, Hamas agree to extend truce for two days; Musk ‘would like to help rebuild Gaza’ The UN said many people in Gaza still had no food or cooking fuel ...
Read more »
Mamelodi Sundowns’ former coach, Pitso Mosimane, dismissed the African Football League Jingles shared his opinion and compared it to the CAF league and said that it was a mere tournament ...
Read more »
Take note of these N3 road works between Westville and Paradise Valley The N3 between the Westville viaduct and Paradise Valley interchange will be partially closed to traffic for the ...
Read more »
UKZN medical student bags 2023 Health Excellence Rising Star Award Durban — One of the country’s most progressive young minds in the medical field, fifth-year University of KwaZulu-Natal (UKZN) medical ...
Read more »