Guiding consumers since 2009

Petrol price increase in August

By Danielle van Wyk

According to the latest press release by the Department of Energy (DoE), motorists can brace for another fuel increase in August.

“South Africa’s fuel prices are adjusted on a monthly basis, 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 shipping costs,” stated the DoE.

The main reasons for the fuel price adjustments in August, 2017 are:

-Rand/US Dollar Exchange rate

“The Rand depreciated slightly, on average, against the US Dollar during the period under review. This led to higher contribution to the Basic Fuel Price on petrol, diesel and illuminating paraffin by 11.15c/l, 10.93c/l and 10.88c/l, respectively,” the DoE explained.

-The prices of Petroleum Products in the International Markets

The prices of petroleum products increased, on average, in the international markets in line with the higher crude oil prices. The Crude oil prices rose, partly on drawdowns of global inventories including in the closely watched US market. The market has been anticipating a return to balance at some point this year and there are signs now that it is happening. The current expectations are that the rising crude oil prices will hit a ceiling as higher prices may tempt OPEC members to start producing above the output cuts agreed late last year and reconfirmed in June this year, the DoE highlighted.

Based on current local and international factors, the fuel prices for August 2017 will be adjusted as follows:

  1.        Petrol (95 Octane, ULP and LRP): 19.00 c/l increase;
  2.        Petrol (93 Octane, ULP and LRP): 19.00 c/l increase
  3.        Diesel (0.05% sulphur): 29.00 c/l increase;
  4.        Diesel (0.005% sulphur): 30.00 c/l increase;
  5.        Illuminating Paraffin (wholesale): 26.00 c/l increase;
  6.        SMNRP for IP: 35.00 c/l increase;
  7.        Maximum LPGas Retail Price: 40.00 c/kg increase

The fuel pricing schedule for the different zones will be published on Tuesday, 01 August 2017. 

Recent Articles

Featured What to do when you’ve been denied a home loan

After months of scanning property sites and attending showhouse after showhouse, you’ve finally found what you’ve been looking for. But your dream of owning a home comes crumbling down when you receive the news that you’ve been denied a home loan. So, what now?

Can your retirement annuity be used as collateral for a loan?

If you have a retirement annuity, you may have wondered whether you can use this as collateral when you take out a loan. We decided to do the leg work and find out whether this is possible or not.

Best travel cards offered by top South African banks

Planning a trip abroad involves a lot of administration. You need to consider travelling arrangements, reasonable accommodation, and a daily itinerary. But have you considered how you’re going to pay your bills once you arrive? Besides considering bank costs, you also need to consider exchange rates.

Best ways to save your money short-term

For many, it seems close to impossible to save when spending on holiday getaways, Christmas gifts, while also trying to ensure there’s money left to survive January. Justmoney takes a look at the best ways you can save during the short term.


Marble Gift Card Special

Price: From R1000
When: Until 25 December 2019
Where: Johannesburg

Trennerys Hotel and Camping Januworry Special

Price: R950
When: From 10 to 31 January 2020
Where: Centane (Eastern Cape)

Bakwena Standard Packages Special

Price: From R999
When: Until 31 December 2019
Where: Nationwide