
Subscribe & Follow
Middle East tension spoils petrol party in SA for November

The biggest contribution to the increase is the Brent Crude oil price which increased from $72.82 to $75.07 per barrel.
This rise is primarily attributed to ongoing geopolitical tensions in the Middle East, particularly the conflict involving Iran and Israel.
Elevated crude prices have had a direct impact on the cost of imported fuel and a massive effect ion import markets like South Africa.
International petroleum product prices also climbed, mirroring the increase in crude oil costs.
Currency gains wiped out
Despite a slight appreciation in the rand (from R17.68 to R17.53/$), the stronger currency provided some relief, reducing the fuel price increase by more than 8.00 c/l across all products.
The cumulative slate balance for petrol and diesel stood at a positive R5.6bn by the end of September 2024.
Under the Self-Adjusting Slate Levy Mechanism, this positive balance means that no additional levy will be applied this month.
November 2024 fuel price adjustments
Starting 6 November, the following changes will take effect:
Petrol 93: +25c/l
Petrol 95: +25c/l
Diesel (0.05% sulphur): +21c/l
Diesel (0.005% sulphur): +20c/l
Illuminating Paraffin (wholesale): +21c/l
Illuminating Paraffin (SMNRP): +28c/l
LPGas: +36c/kg

Related
Samsung Galaxy S25 shows why Honor is eating its lunch in SA 12 Mar 2025 New standards pave way for renewable energy breakthrough 5 Mar 2025 Huawei swoops in to continue the AI race at MWC 5 Mar 2025 ‘We find out when you do’ says iStore CEO about new Apple products 4 Mar 2025 CompCom and CIDB join forces to tackle construction corruption 3 Mar 2025 Honor invests $10bn in Alpha Plan to mesh AI across devices and ecosystems 3 Mar 2025
