Going into the new year, South Africans are hoping for a release from the stress of 2022 fuel prices. Luckily, 2023 seems to be kicking off positively for both petrol and diesel users. Here’s what fuel prices will look like from tomorrow:
The Department of Mineral Resources and Energy (DMRE) says that the price of petrol will decrease by R2.06 per litre from Wednesday January 4, and that diesel will decrease from somewhere between R2.68 (500ppm) and R2.80 (50ppm).
So, a litre of 95 unleaded petrol will now cost R20.75 at the coast and R21.40 inland, with 93 unleaded costing R21.10.
50ppm diesel will drop to R20.79, but retail prices will be higher as prices vary between outlets.
Drivers will save more money depending on the volume of their cars’ tanks.
If you drive a small car with a 40 litre tank, for example, and you put 35 litres of petrol into it, you will save around R72. Filling up a medium-sized car with 50 litres will save you around R103.
Drivers of diesel-powered SUVs and bakkies with 80 litre tanks are looking to save the most, with 75 litres of 50ppm set to become R210 cheaper.
According to the Central Energy Fund, the price reductions come as a result of international oil prices lowering significantly.
“These decreases will not take fuel prices to levels seen in January, 2022 but will go a long way to alleviating the fuel price burden – and its associated impact on other prices – felt by millions of South Africans,” says the Automobile Association (AA).
“For many currently on vacation this is also good news as it will undoubtedly reduce expenses on the return leg of their journeys,” they continue.