More bad news is on the horizon for South African motorists – March fuel prices will rise across the board from Wednesday. Here is how much it will now cost per litre at both inland and coastal locations. 
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The Central Energy Fund (CEF) has announced that the retail prices of petrol, diesel and illuminating paraffin will all increase from Wednesday. While the higher international oil price has been a major contributing factor, the weakening rand has done no favours for motorists at the pumps for March. Across the country, all octanes of petrol will increase by R1.21 while 500 ppm diesel at wholesale will increase by R1.06 and 50 ppm diesel will increase by R1.19.
“While the weaker rand is contributing a small margin to the under-recovery and increase in prices expected, the overall picture looks bleak and consumers will feel the pinch,” said the Automobile Association.
March 2024 Fuel Price
- Inland Petrol Unleaded 93 – R24.13 (up from 22.92)
- Inland Petrol Unleaded 95 – R24.45 (up from R23.24)
- Coastal Petrol Unleaded 93 – R23.41 (up from R22.10)
- Coastal Petrol Unleaded 95 – R23.73 (up from R22.52)
- Inland Diesel 500 ppm – R22.42 (up from R21.36)
- Inland Diesel 50 ppm – R22.62 (up from R21.43)
- Coastal Diesel 500 ppm – R21.70 (up from R20.64)
- Coastal Diesel 50 ppm – R21.93 (up from R20.72)
Related: Fuel Levies Will Stay as is For Now – Finance Minister
With this in mind, the finance minister agreed to leave the fuel levies unchanged after they too were rumoured to be raised for the new financial year. This decision by the South African government is owed to any unnecessary further increases adding significant strain to the already cash-strapped South Africans. This now ranks the current price of petrol in South Africa as the third-highest in the country’s history, after it reached R26.31 per litre in July 2022 and R24.99 per litre in August 2022.
Related: Massive Fuel Price Hike Expected for March 2024
