South African drivers are likely to encounter a fresh round of fuel price hikes come September, as recent data suggests a spike in costs across petrol, diesel, and illuminating paraffin. According to projections, motorists could see an increase of about 83 cents per litre for 93-octane petrol and 94 cents for 95-octane petrol. The situation is more pronounced for diesel, with anticipated surges of roughly R2.87 per litre for 0.05% diesel and R3.07 for 0.005% diesel. Meanwhile, illuminating paraffin may rise by approximately R2.24 per litre.
Diesel, in particular, is a significant concern due to its extensive use in sectors like freight, agriculture, construction, and mining. A substantial price jump could escalate transportation and operational costs, which might subsequently affect food and consumer prices. This upward trend in fuel costs remains, despite an improved outlook from earlier in August, when petrol was predicted to climb by around R1 per litre and diesel by nearly R5 per litre.
Key influences on South Africa’s monthly fuel price adjustments continue to be international oil prices and the rand-dollar exchange rate. Although the rand has shown resilience, offering some relief, the persistent high prices of international petroleum still contribute to fuel under-recoveries. As a result, pressure on fuel costs remains significant, reflecting the ongoing volatility in the global market.
It is important to note that the figures provided are indicative and subject to change before the final adjustment announcement. The new fuel prices are scheduled to be implemented on 1 September 2026. This potential increase underscores the challenges faced by South African consumers and industries in managing operational costs amid fluctuating global economic conditions.