Cape Town – South Africa’s fuel prices for August are expected to be a mixed bag, with petrol prices likely to drop and diesel prices set to rise significantly.
According to data from the Central Energy Fund (CEF):
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Petrol may decrease by around 30 cents (95 Unleaded) and 34 cents (93 Unleaded).
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Diesel could increase by 62 cents (500ppm) and 64 cents (50ppm).
The changes are due to global price trends, where international diesel demand rises in the northern hemisphere’s summer.
A slightly stronger rand is helping offset the impact by about six cents. Oil prices have remained relatively stable, with Brent Crude averaging around $69 per barrel.
This comes after July’s increase, the first in five months. Despite the fluctuations, petrol prices are now close to January 2025 levels.
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Compiled by Betha Madhomu
