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Budget uncertainty – but at least a fuel price decrease for March

The recent fuel price adjustment announced by the Department of Mineral Resources and Energy will bring a measure of relief to both motorists and fuel station operators alike.

Prices will be cut by 7 cents per litre for 93 and 95 petrol, and between 18 and 24 cents per litre for diesel.
The adjustments made by the Department of Mineral Resources and Energy reflect a general decrease across all fuel categories as a result of strengthening of the Rand and a lower oil price.

Fuel price adjustments
Petrol – Gauteng & Coastal
•             93 ULP & LRP: 7.00 cents per litre decrease in retail price.
•             95 ULP & LRP: 7.00 cents per litre decrease in retail price.
Diesel – Gauteng & Coastal
•             0.05% Sulphur Content: 17.50 cents per litre decrease in wholesale price.
•             0.005% Sulphur Content: 23.50 cents per litre decrease in wholesale price.
Illuminating Paraffin
•             Wholesale price: 6.00 cents per litre decrease.
•             Single Maximum National Retail Price (SMNRP): 8.00 cents per litre decrease.
LPG
•             2.00 cents per kilogram decrease in maximum retail price.

Henry van der Merwe, Chairperson of the South African Petroleum Retailers Association (SAPRA), a proud association of the Retail Motor Industry Organisation (RMI), said he welcomed the decrease, noting its positive implications for consumers and businesses alike.

“Any reduction in fuel prices provides much-needed relief, particularly as South Africans continue to navigate economic challenges and face uncertainty with the upcoming budget,” he said.

Lower fuel costs benefit both motorists and the broader economy by reducing transport and logistics expenses, which ultimately impact the pricing of goods and services.

However, he cautions that the industry remains subject to external factors, including global oil prices and currency fluctuations. “We urge government to continue prioritising sustainable interventions that stabilise fuel pricing in the long term, ensuring predictability for both retailers and consumers.”

SAPRA continues to advocate for transparent and fair fuel pricing structures to support the sustainability of fuel retailers and the broader economy.

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Gugulethu Kgongoane

Gugulethu Kgongoane is the Online Editor of Sedibeng Ster. Email: gugu@mooivaal.co.za She is also an online journalist of Vaalweekblad. Email: gugu@mooivaal.co.za

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