The Minister of Mineral and Petroleum Resources announces the adjustment of fuel prices based on current local and international factors with effect from the 1st of October 2025.
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 due to:
- Crude oil prices
The average Brent Crude oil price increased slightly from 67.01 US Dollars (USD) to 67.16 USD during the period under review. The increase in the price of crude oil is due to the geopolitical risks emanating from the Russia & Ukraine conflict as well as the Middle East conflict. The impact of the geopolitical risks outweighs the OPEC+ recent announcement to increase production in October, which could ultimately lead to increased supply and lower prices.
- International petroleum product prices
The average international petroleum prices followed the increasing trend of crude oil prices. This led to higher contributions to the Basic Fuel Prices (BFP) of petrol by 16.93 cents per litre (c/l), diesel by 8.13 c/l and illuminating paraffin by 4.23 c/l. The prices of Propane and Butane remained the same as during the previous period, however the shipping costs were lower.
- Rand/US Dollar exchange rate
The Rand appreciated on average, against the US Dollar (USD), (from 17.73 to 17.49 Rand per USD) during the period under review when compared to the previous one. This led to lower contributions to the Basic Fuel Prices of petrol by 14.27 c/l, diesel by 15.40 c/l and Illuminating paraffin by 14.79 c/l.
- Implementation of the Slate Levy
The cumulative slate amounted to a positive balance of R3.72 billion for petrol and diesel of at the end of August 2025. In line with the provisions of the Self-Adjusting Slate Levy Mechanism, the slate levy remains unchanged at zero cents per litre (0.00 c/l) in the price structures of petrol and diesel with effect from the 1st of October 2025.
- 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 R13 3