Mid‑month CEF data point to higher petrol and steep diesel rises for September

Corrections: effective date changed to 2 Sept; removed unspecified announcement timing; figures checked against DMRE/CEF sources

South African motorists may face higher pump prices in September, driven by mid‑month Central Energy Fund figures showing petrol increases and a particularly large diesel under‑recovery, according to The South African.

What the mid‑month figures show

According to The South African, mid‑month figures indicate an increase of 63 cents per litre for 93 petrol and 74 cents per litre for 95 petrol. The same data show diesel under‑recoveries of R2.73 per litre for 0.05% diesel and R2.89 per litre for 0.005% diesel.

Other products and market pressures

The South African reports that illuminating paraffin is showing an under‑recovery of R2.15 per litre. The article links the outlook to international oil price fluctuations and pressure on the rand, which together are influencing the projected adjustments.

International prices and the currency

At the time of publishing, The South African states that Brent crude was $88.46 a barrel and the rand/dollar exchange rate was R16.19/$.

Timing and next steps

The South African says the new prices will take effect at midnight on Wednesday, 2 September. The mid‑month figures are provisional and could change before the final adjustments as international oil prices and the rand fluctuate.

What this means

Diesel’s larger under‑recovery suggests heavier cost pressure on goods transport and sectors reliant on diesel, while petrol shows smaller indicated increases in the mid‑month data. The figures remain provisional and subject to change.

Source: thesouthafrican.com