By Terry-Ann Brouwers.
Motorists will get some relief at the pumps as the Department of Mineral Resources and Energy announced fuel price reductions effective Wednesday, 5 March 2025.
Both grades of petrol will drop by 7 cents per litre, while diesel will decrease by 17.5 cents per litre for 0.05% sulphur and 23.5 cents per litre for 0.005% sulphur. The wholesale price of illuminating paraffin will fall by 6 cents per litre, and the maximum retail price of liquefied petroleum (LP) gas will decline by 2 cents per kilogram.
The changes come after four consecutive months of price increases, providing some respite for consumers.
The department attributed the reductions to lower global oil prices and a stronger rand, “which contributed to a decrease by about 13c on petrol and 14c on both diesel and LP. The slate levy remains unchanged at zero cents per litre in the price structures of petrol and diesel. And LP decreases from 1c to 0.5c per litre, “said the department’s spokesperson, Robert Maake.
New fuel prices from 5 March
For inland consumers, the new prices will be:
- Petrol 95 unleaded: R22.34 per litre
- Petrol 93 unleaded: R22.09 per litre
- Diesel 0.05% (wholesale): R20.16 per litre
- Diesel 0.005% (wholesale): R20.21 per litre
At the coast, prices will adjust to:
- Petrol 95 unleaded: R21.55 per litre
- Petrol 93 unleaded: R21.30 per litre
- Diesel 0.05% (wholesale): R19.37 per litre
- Diesel 0.005% (wholesale): R19.45 per litre
These adjustments mark a shift after fuel prices rose sharply at the beginning of February when petrol increased by 82 cents per litre and diesel by over a rand.