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South Africa Cuts Petrol by 51c/L and Diesel by Up to 21c/L as November Prices Take Effect

Officials attribute the cut to softer global oil prices alongside a stronger rand.

Overview

  • The Department of Mineral Resources and Energy implemented the adjustment at midnight on 4–5 November, with the new pump prices now in force.
  • Published inland prices include Petrol 93 at R20.97/l, Petrol 95 at R21.12/l, Diesel 0.05% at R19.13/l and Diesel 0.005% at R19.20/l, with corresponding coastal prices lower.
  • Illuminating paraffin falls by 1c per litre, while LP gas drops by 61c/kg countrywide and by 77c/kg in the Western Cape.
  • DMRE and Central Energy Fund data show sustained over-recoveries through October, enabled by lower international product prices and a firmer rand.
  • The slate levy remains at 0c/l due to a reported positive cumulative slate balance of about R3.74 billion, though officials caution that global market volatility could affect future adjustments.