New petrol and diesel prices for next week CONFIRMED
The Department of Mineral Resources and Energy on Thursday, confirmed the latest official fuel price adjustments which will take effect from midnight on Tuesday, 2 April 2024.
As reported by The South African website, both petrol types will see price hikes.
Strangely, the increase is almost double the previous estimates. The South African website will confirm why once it’s announced.
Even more strangely, inland and coastal prices will see different increases – or decreases – for April.
Below, the latest price changes as received by The South African website from the CEF, effective midnight on Tuesday, 2 April 2024.
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
Oil price
At the time of publishing the brent crude oil price is $86.33 a barrel.
Exchange rate
At the time of publishing the rand/dollar exchange rate is R18.98/$.
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, 2 April.
Go easy on the accelerator until then, Mzansi.
The new APRIL 2024 petrol and diesel prices (Inland and Coastal):
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