South African drivers are bracing for a potential hike in fuel prices this September, as recent data from the Central Energy Fund (CEF) suggest rising costs for petrol, diesel, and illuminating paraffin. According to the latest figures, motorists could see an increase of about 83 cents per litre for 93 petrol and 94 cents for 95 petrol. Diesel, which plays a critical role in various sectors, is expected to witness a more pronounced jump, with anticipated increases of approximately R2.87 per litre for 0.05% diesel and R3.07 for 0.005% diesel. As for illuminating paraffin, a rise of around R2.24 per litre is projected.
The surge in diesel prices is particularly concerning due to its extensive use in industries such as freight, agriculture, construction, and mining. A substantial increase in diesel costs could lead to higher transportation and operational expenses, which might subsequently drive up food and consumer prices, affecting the broader economy. Although the outlook has slightly improved since early August, when projections indicated petrol could rise by around R1 per litre and diesel by nearly R5 per litre, the current data still reflect significant upward pressure on fuel costs.
The monthly adjustments to South Africa’s fuel prices are largely influenced by international oil prices and the rand-dollar exchange rate. While the rand has shown some resilience, providing a degree of relief, the escalation in global petroleum prices continues to contribute to fuel under-recoveries, maintaining pressure on local fuel price adjustments.
It is important to note that the figures released by the CEF are preliminary and subject to change before the official announcement. These anticipated changes in fuel prices are slated to come into effect on 1 September 2026, leaving motorists and industries alike to prepare for the potential financial impact.