South African drivers may soon experience another hike in fuel prices this September, as recent data from the Central Energy Fund (CEF) suggests increases across all fuel types, including petrol, diesel, and illuminating paraffin. The anticipated rise could see 93 petrol going up by about 83 cents per litre and 95 petrol by approximately 94 cents per litre. Diesel prices could see even steeper surges, with 0.05% diesel potentially increasing by R2.87 per litre and 0.005% diesel by R3.07 per litre. Illuminating paraffin is also expected to climb by around R2.24 per litre.
The potential jump in diesel prices is particularly concerning due to its extensive use in various sectors such as freight, agriculture, construction, and mining. A significant rise could lead to higher transportation and operational costs, which might subsequently affect food and consumer prices, putting additional financial strain on consumers.
Despite these projected increases, the situation has slightly improved compared to earlier forecasts in August, which had suggested a petrol hike of around R1 per litre and a potential diesel increase of nearly R5 per litre. Nonetheless, the current data indicates that fuel costs are still under considerable upward pressure.
Key factors influencing South Africa’s fuel price adjustments include international oil prices and the rand-dollar exchange rate. While the rand has demonstrated some resilience, providing a degree of relief, the ongoing rise in international petroleum prices continues to contribute to fuel under-recoveries, affecting the local market.
It is important to note that the figures from the CEF are provisional and subject to change before the final announcement is made. Consumers should prepare for the new fuel prices, which are expected to be implemented starting 1 September 2026.