Motorists will pay more for petrol on Wednesday, 04 August 2021. Petrol increased by 29 cents a litre of 93 unleaded petrol. And leaded petrol increased by 26 cents a litre. Diesel saw an increase of 42 cents and illuminating paraffin by 36 cents.
Petrol and diesel prices are largely determined by the oil price, as well as rand strength, given that South Africa must buy oil in the US dollar.
South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors. International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including importation costs, e.g. shipping costs.