The petrol price in South Africa is set to increase by R1.71 per litre from Wednesday, September 6, 2023. This is the highest monthly increase since July 2022. The increase is due to a number of factors, including the rising international oil price and the weakening of the rand against the US dollar.
How Much Is Petrol Price Per Litre From September 2023?
The petrol price in South Africa will increase by R1.71 per litre from Wednesday, September 6, 2023. This means that the price of a litre of 95 unleaded petrol will be around R23.82 in Gauteng.
The diesel price will also increase by R2.76 per litre, taking the price of a litre of 50ppm diesel to around R22.58 in Gauteng.
The price increases are due to a number of factors, including the rising international oil price and the weakening of the rand against the US dollar.
The Department of Mineral Resources and Energy announced the price increases on Tuesday, September 5, 2023.
The new prices will be effective from 00:01 on Wednesday, September 6, 2023.
Here is a table of the petrol prices in South Africa from Wednesday, September 6, 2023:
| Petrol grade | Price per litre (Gauteng) |
|---|---|
| 95 unleaded | R23.82 |
| 93 unleaded | R23.54 |
| 50ppm diesel | R22.58 |
| 500ppm diesel | R22.76 |
Minister @GwedeMantashe1, announces the adjustment of fuel prices with effect from Wednesday, the 6th of September 2023 as follows.https://t.co/djcBusWeln
— Department of Mineral Resources and Energy (@DMRE_ZA) September 4, 2023
Causes of the petrol price increase
The main causes of the petrol price increase are:
- The rising international oil price: The price of crude oil has been rising in recent months due to a number of factors, including the ongoing war in Ukraine and the global economic recovery.
- The weakening of the rand against the US dollar: The rand has been weakening against the US dollar in recent months, which has made imports more expensive, including petrol.
- The government’s fuel levy: The government imposes a fuel levy on petrol, which is used to fund road infrastructure and other government programs.
Impact of the petrol price increase
The petrol price increase will have a significant impact on South African motorists. It will make it more expensive to travel, which will put a strain on household budgets. The increase will also affect businesses, as they will have to pay more for transportation costs.
What can be done to reduce the impact of the petrol price increase?
There are a number of things that can be done to reduce the impact of the petrol price increase:
- Use public transportation or carpooling: This can help to reduce the amount of fuel that you use.
- Drive less: If you can, try to walk, bike, or take public transportation instead of driving.
- Combine errands: When you do drive, try to combine errands so that you are not making multiple trips.
- Get a more fuel-efficient car: If you are in the market for a new car, consider getting a more fuel-efficient model.
FAQs
When will the petrol price increase take effect?
The petrol price increase will take effect on Wednesday, September 6, 2023.
How much will the petrol price increase?
The petrol price will increase by R1.71 per litre.
What are the other factors that affect the petrol price?
The petrol price is also affected by the exchange rate between the rand and the US dollar, the cost of transporting fuel, and the government’s fuel levy.
Conclusion
The petrol price increase is a major concern for South African motorists and businesses. There are a number of things that can be done to reduce the impact of the increase, but it is clear that the high cost of fuel will continue to be a challenge for the South African economy.
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