The Department of Petroleum and Mineral Resources has confirmed the official gasoline worth changes that can take impact at midnight on Tuesday, 5 November.

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After 5 consecutive months of decreases in costs, there can be a rise on the pumps this month.

This is due partly to the rand depreciating towards the greenback and the value of oil rising due to ongoing unrest within the Middle East.

FUEL PRICE IN SOUTH AFRICA IMPACTED BY TWO MAIN FACTORS:

1. The worldwide worth of petroleum merchandise, pushed primarily by oil costs

2. The rand/greenback trade charge used within the buy of those merchandise

Oil worth

At the time of publishing the brent crude oil worth is $75.03 a barrel.

Exchange charge

At the time of publishing the rand/greenback trade charge is R17.53/$.

The subsequent worth change will happen on Tuesday, 3 December.

The NEW November 2024 petrol and diesel costs (Inland and Coastal):