South African drivers are bracing for a potential increase in fuel prices as September approaches, with recent data from the Central Energy Fund (CEF) suggesting hikes across petrol, diesel, and illuminating paraffin. According to the latest figures, motorists might see petrol prices climb by around 83 cents per litre for 93 petrol and 94 cents for 95 petrol. Diesel, however, could see a steeper surge, with potential increases of R2.87 per litre for 0.05% diesel and R3.07 for 0.005% diesel. Additionally, illuminating paraffin may rise by approximately R2.24 per litre.
The anticipated rise in diesel prices is of particular concern due to diesel’s widespread use in sectors such as freight, agriculture, construction, and mining. An increase in diesel costs could lead to higher transportation and operational expenses, which may subsequently impact food and consumer prices, adding financial strain on consumers and businesses alike.
While the current forecast shows some improvement from earlier in August—when projections indicated a petrol price rise of about R1 per litre and nearly R5 per litre for diesel—the upward pressure on fuel costs remains significant. The adjustments in fuel prices are primarily driven by international oil prices and the rand-dollar exchange rate. Though the rand has shown some resilience, providing a degree of relief, elevated global petroleum prices continue to be a major factor in fuel under-recoveries.
The figures released by the CEF serve as an indication of potential changes and may still fluctuate before the final rates are confirmed. The revised fuel prices are expected to be implemented starting 1 September 2026. As the situation develops, South African consumers and industries remain attentive to the upcoming adjustments and their potential economic impact.