South Africa Fuel Price Update January 2025 – What the Changes Mean for Your Budget

As January 2025 approaches, South African motorists are eager to see how fuel prices will change. Based on the latest projections, petrol users might experience some relief, while diesel users could face an increase. These price adjustments are influenced by global oil prices and the rand/dollar exchange rate.

Let’s break down the expected price changes, key influencing factors, and how these prices compare to the current fuel rates.

Expected Price Changes

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According to the Central Energy Fund (CEF), the estimated changes in fuel prices for January 2025 are as follows:

Petrol prices for both 93 and 95 octane are expected to drop slightly, while diesel and illuminating paraffin prices will likely increase. This means diesel users and businesses relying on paraffin should prepare for higher costs.

Factors Affecting Fuel Prices

South Africa’s fuel prices are mainly determined by two major factors:

Global Oil Prices

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The cost of crude oil significantly influences fuel prices. As of mid-November, Brent crude oil is priced at $71.44 per barrel. Factors such as geopolitical tensions, supply disruptions, and decisions by major oil producers affect oil price trends.

Rand/Dollar Exchange Rate

South Africa imports most of its crude oil, meaning the exchange rate between the rand and the US dollar directly affects fuel prices. As of the latest update, the rand stands at R18.09 per US dollar. A weaker rand increases the cost of fuel imports, leading to higher local fuel prices.

Fuel Price Comparison

To get a clearer picture of how these expected changes will impact motorists, let’s compare the projected January prices with November 2025 prices for both inland and coastal regions.

Inland Prices

Coastal Prices

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The slight decrease in petrol prices will benefit motorists, while diesel and paraffin users will have to deal with rising costs.

What This Means for Motorists

South Africans can expect a mixed fuel price adjustment in January 2025. Petrol users will see a slight decrease, but diesel and paraffin price hikes could impact logistics, agriculture, and household energy costs.

For now, keeping an eye on global oil prices and the rand/dollar exchange rate will be essential in predicting further changes in fuel costs.

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