In the past month, the average price of a barrel of crude oil increased from $82,37 to $87,88 per barrel. This is due to the continued US/Iran tensions, uncertainty regarding the flow of oil through the Strait of Hormuz and higher shipping costs.
The average international product prices of petrol, diesel and illuminating paraffin increased due to supply shortage caused by the continued Russia/Ukraine conflict and lower global inventories of products. This led to higher contributions to the Basic Fuel Prices (BFP) of petrol by 127,79 cents per litre, of diesel by 321,29 cents per litre of diesel, and 239,06 cents per litre of illuminating paraffin. The prices of propane and butane have increased.
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The Rand appreciated slightly on average against the US Dollar – from R16,46 to R16,21 per USD – during the period under review. This led to lower contributions to the Basic Fuel Prices of petrol by 21,07c per litre; 29,06c per litre for diesel; and 26,69c per litre for illuminating paraffin.
The cumulative slate amounted to a negative balance of R9,519 billion for petrol and diesel as at the end of July 2026. In line with the provisions of the Self-Adjusting Slate Levy Mechanism, the slate levy of 83,28 c/l will be implemented in the price structures of petrol and diesel with effect from the 2 September 2026. The Slate Levy has increased by 21,9 c/l from 61,38 to 83,28 c/l.
The Maximum Refinery Gate Price (MRGP) and the Maximum Retail Price (MRP) of LPGas that is imported through the Port of Saldanha Bay will be R15 163,09 per metric tonne and R36,60 per kilogram, respectively, effective from 2 September 2026.
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The fuel prices will be adjusted as follows from 2 September 2026:
- Petrol 93 ULP & LRP: Increase of 134,00c/l
- 95 ULP & LRP: Increase of 134,00 c/l
- Diesel 500ppm: Increase of 293,00 c/l
- Diesel 50ppm: Increase of 314,90 c/l
- Illuminating paraffin: Increase of 213 c/l on the wholesale price
- Illuminating paraffin: Increase of 284 c/l on the suggested retail price
- LPGas: Increase of 69 c/kg on the maximum retail price (except for the Western Cape where it will decrease by 79 c/kg.)
This adjustment would mean an increase of about R73,70 for a tank of petrol and an increase of about R173,19 on a 55-litre tank of diesel.
