[MEDIA STATEMENT] MINISTER OF MINERAL AND PETROLEUM RESOURCES ANNOUNCES FUEL PRICE ADJUSTMENTS | EFFECTIVE 04 NOVEMBER 2026
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The Minister of Mineral and Petroleum Resources hereby announces the adjustment of fuel prices based on current local and international factors with effect from the 4 th of November 2026.
MEDIA STATEMENT: THE MINISTER OF MINERAL AND PETROLEUM RESOURCES
ANNOUNCES ADJUSTMENT OF FUEL PRICES EFFECTIVE FROM
THE 4 TH OF NOVEMBER 2026
The Minister of Mineral and Petroleum Resources hereby announces the adjustment
of fuel prices based on current local and international factors with effect from the 4 th of
November 2026.
South Africa’s fuel prices are adjusted monthly, 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.
The main reasons for the fuel price adjustments are as follows:
1. Crude oil prices
The average Brent Crude oil price increased from 101 US Dollars (USD) to 108
USD during the period under review. The increase is due to uncertainty caused by
Middle East conflict including the recent attacks on Saudi Arabia infrastructure as
well as high freight and insurance costs caused by ship-to-ship transfers.
2. International petroleum product prices
The average international product prices of petrol, diesel and illuminating paraffin
increased during the period under review. Middle distillates prices are mainly
affected by tight global supply, higher seasonal demand ahead of the winter in the
Northern Hemisphere and continued Russia/Ukraine conflict. This is despite
initiatives to enhance global supply of diesel by the G7, the waiving of Russia Media Statement – Fuel Price Adjustments for November 2026
Sanctions by the US as well as the lifting of export restrictions by Russia. These
factors led to higher contributions to the Basic Fuel Prices (BFP) of petrol, diesel
and illuminating paraffin by 80.41 cents per litre (c/l), 94.22 c/l and 225.23 c/l,
respectively. The prices of Propane and Butane also increased during the period
under review.
3. Rand/US Dollar exchange rate
The Rand depreciated on average, against the US Dollar (from 16.21 to 16.55
Rand per USD) during the period under review when compared to the previous
one. This led to higher contributions to the Basic Fuel Prices of petrol, diesel and
Illuminating Paraffin by 36.93 c/l, 49.00 c/l and 49.26 c/l respectively.
4. Implementation of the Slate Levy
The cumulative slate amounted to a negative balance of R15.876 billion for petrol
and diesel of at the end of September 2026. In line with the provisions of the Self
Adjusting Slate Levy Mechanism, the slate levy of 135.84 c/l will be implemented
in the price structures of petrol and diesel with effect from the 4 th of November
2026. The Slate Levy has increased by 48.18 c/l from 87.66 c/l to 135.84 c/l.
5. Short-term Relief Measure to Address Fuel Price Increases
Due to rising fuel prices and the resulting pressure on households and businesses,
the Minister of Finance announced, during the Medium-Term Budget Policy
Statement (MTBPS) on the 21st of October 2026, a temporary reduction in the
general fuel levy of R1.50 per litre for petrol and R3.00 per litre for diesel, effective
from the 4th of November 2026. The general fuel levy will be reduced to 279.0 and
116.00 cents per litre in the price structures of petrol and diesel, respectively.
6. The Maximum Refinery Gate Price (MRGP) for LPGas that is imported
through the Port of Saldanha Bay in the Western Cape province.
The Maximum Refinery Gate Price (MRGP) and the Maximum Retail Price (MRP)
of LPGas that is imported through the Port of Saldanha Bay will be R17 100.49
per metric ton and R39.16 per kilogram, respectively, effective from the 4th of
November 2026.Media Statement – Fuel Price Adjustments for November 2026
Based on current local and international factors, the fuel prices for November 2026 will
be adjusted as follows:
❖ Petrol 93 (ULP & LRP): One cent per litre (1.00 c/l) decrease.
❖ Petrol 95 (ULP &LRP): One cent per litre (1.00 c/l) decrease.
❖ Diesel (0.05% sulphur): One hundred and nine point eight two cents per litre
(109.82 c/l) decrease.
❖ Diesel (0.005% sulphur): One hundred and nineteen point eight two cents per
litre (119.82 c/l) decrease.
❖ Illuminating Paraffin (wholesale): Two Rands and seventy-five cents per litre
(R2.75 c/l) increase.
❖ SMNRP for IP: Three Rands and sixty-six cents per litre (R3.66 c/l) increase.
❖ Maximum Retail Price of LPGas: One hundred and eighty-three cents per
kilogram (183.00 c/kg) increase and two hundreds and eight cents per kilogram
(208.00c/kg) increase in the Western Cape.
The fuel prices schedule for the different Magisterial District Zones (MDZ) will be
published on Tuesday, the 3 rd of November 2026.
Enquiries : mediadesk@dmpr.gov.za
Ms Yolanda Mhlathi – yolanda.mhlathi@dmpr.gov.za / 067 258 1122
Mr Johannes Mokobane - johannes.mokobane@dmpr.gov.za / 082 766 3674
Ms Lerato Ntsoko – lerato.ntsoko@dmpr.gov.za / 082 459 2788