BONUS - RUSTENBURG - The latest fuel projections from the Central Energy Fund (CEF) for March 2024 still shows that BAD news lies ahead for diesel and petrol car owners.
The data is trending towards an increase for both diesel and petrol prices at the pumps. The new tariffs come into effect on Tuesday night at 24:00.
This news comes on the back of price increases for both petrol and diesel earlier this month, as reported by The South African website.
Below, the latest projections as received by The South African website from the CEF, effective Friday, 23 February 2024.
Fuel price change
Petrol 93: increase of 113 cents
Petrol 95: increase of 117 cents
Diesel 0.05%: increase of 112 cents
Diesel 0.005%: increase of 127 cents Illuminating Paraffin: increase of 69 cents If these market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate ever fluctuating and the oil price changing – an increase of 113 cents is expected for petrol 93 octane motorists and an increase of 117 cents for 95 users. Meanwhile, diesel motorists would see between a 112 to 127 cents per litre increase. Finally, illuminating paraffin is expected to increase by 69 cents.
