South African motorists are bracing for a potential hike in fuel prices as September approaches, according to recent data from the Central Energy Fund (CEF). The anticipated increase could see petrol prices rise by approximately 83 cents per litre for 93-grade and 94 cents for 95-grade petrol. Diesel is expected to experience a more pronounced surge, with increases of about R2.87 per litre for 0.05% diesel and R3.07 for 0.005% diesel. Additionally, the price of illuminating paraffin may rise by roughly R2.24 per litre.
The potential spike in diesel prices is particularly concerning, as diesel is a critical fuel for sectors such as freight, agriculture, construction, and mining. A significant rise in diesel costs could lead to higher transportation and operational expenses, which might, in turn, exert upward pressure on food and consumer prices across the board.
This outlook marks an improvement from earlier projections in August, which suggested petrol prices could climb by around R1 per litre and diesel by nearly R5 per litre. Despite this slight reprieve, the latest data underscores the persistent upward pressure on fuel costs in the region.
Key factors influencing South Africa’s monthly fuel-price adjustments include international oil prices and the rand-dollar exchange rate. Although the rand has shown some resilience, offering a degree of relief, higher international petroleum prices continue to drive fuel under-recoveries.
It’s important to note that the figures released by the CEF are indicative and subject to change before the final adjustments are officially announced. The new fuel prices are expected to come into effect on 1 September 2026.