South African drivers may need to brace themselves for a potential hike in fuel prices this September. According to recent data from the Central Energy Fund (CEF), the cost of petrol, diesel, and illuminating paraffin is expected to rise. Specifically, the data suggests a possible increase of 83 cents per litre for 93 petrol and 94 cents for 95 petrol. Diesel prices could see a more substantial surge, with an anticipated rise of approximately R2.87 per litre for 0.05% diesel and R3.07 for 0.005% diesel. Illuminating paraffin is also projected to increase by around R2.24 per litre.
The sharp projected increase in diesel prices is particularly concerning due to its widespread use across various sectors, including freight, agriculture, construction, mining, and other industries. A significant hike in diesel costs could lead to higher transportation and operational expenses, which may, in turn, exert additional pressure on food and consumer prices.
Despite the current forecast, the situation has shown some improvement compared to earlier in August. At that time, there were predictions of a petrol price increase of about R1 per litre and a potential surge in diesel prices of nearly R5 per litre. Nonetheless, the latest figures indicate that fuel costs continue to face considerable upward pressure.
The monthly adjustments to South Africa’s fuel prices are primarily influenced by international oil prices and the rand-dollar exchange rate. While a relatively strong rand has offered some relief, the rise in global petroleum prices continues to contribute to fuel under-recoveries. As a result, consumers and businesses alike remain concerned about the impact of these potential increases.
It is important to note that the figures provided by the CEF are indicative and subject to change before the final adjustment is officially announced. The new fuel prices are anticipated to take effect on 1 September 2026. As the situation evolves, stakeholders will be closely monitoring any developments that could affect the final pricing.