South Africa: Petrol Price Nears R30 a Litre as Record October Hike Looms
South Africa's petrol price is tracking within 20 cents of R30 a litre for October, with CEF data showing a near-R3 under-recovery as oil nears US$100. The post South Africa: Petrol Price Nears R30 a Litre as Record October Hike Looms appeared first on The Rio Times .
South Africa's petrol price is edging closer to R30 a litre as the country prepares for a record October hike, as reported by late-September Central Energy Fund recovery data. The under-recovery for petrol 93 is estimated at R2.71 per litre, while petrol 95 faces an under-recovery of R2.88. If the current trends persist, petrol 95 could reach R30 per litre, exceeding its all-time high of R28.06 set in June 2026 during the Iran war shock.
The surge in oil prices is driven by geopolitical tensions, with oil climbing past US$99 a barrel due to the US-Iran conflict, Strait of Hormuz tensions, and the ongoing Ukraine war. The removal of temporary fuel levy relief on July 1 has left South African motorists paying the full levy of R4.10 per litre for petrol and R3.93 for diesel.
With oil prices nearing US$100 a barrel and no immediate relief in sight, South African motorists risk paying a record petrol price in October.
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