In March 2025, South African motorists will face updates and, therefore, revised fuel prices dictated by the government. These fuel prices are linked to the monthly international oil price fluctuations, dollar exchange rates, and trends occurring within the country. The following information will tell you everything you need to know about the latest fuel price changes and the consequences thereof.
1. Updates On Fuel Prices
The DMRE announced that new fuel prices for March 2025 confirmed. Petrol, diesel, and illuminating paraffin prices are currently being adjusted upwards due to mainly international crude oil price and rand-dollar fluctuations.
Here is a compact version of the new fuel prices:
- Petrol 95 Unleaded: An increase of X cents per litre
- Petrol 93 Unleaded: An increase of X cents per litre.
- Diesel (500ppm and 50ppm): An increase of X cents per litre.
- Illuminating paraffin: An increase of X cents per litre.
The increases come into effect on March 6, 2025, nationwide.
2. Factors For Fuel Prices
The following are considered for fuel price review every month:
- International Crude Oil Price: With oil prices on the rise, fuel prices in South Africa are pushed upwards.
- Exchange Rate: Directly, by depreciation/appreciation of the rand against the dollar.
- Taxes and Levies: Levies and taxes imposed by government on fuel are also part of the pricing structure.
3. Customers On The Receiving End
One major expectation is for rising fuel prices to multiply the cost of living. Transportation costs will rise, leading to inflation in the economic sense. Therefore, consumers are warned to watch out for these developments and consider switching to more fuel-efficient options, whenever applicable.
4. Ways To Save On Fuel
A few of the activities we can work on to avoid the hardship brought by rising fuel prices are:
- Carpool or use public transportation: Carpooling will help share the cost of fuel.
- Drive Smart: Aggressive driving wastes gas. Drive steadily.
- Vehicle Maintenance: Service your car regularly and check the tire pressure for best fuel usage.
Conclusion
As anywhere else, this March 2025 rise in fuel price will pose a few challenges to South Africa; however, being watchful and taking timely measures to counter the adverse effects may render some consolation from these price rises. The government is on its toes, monitoring the global markets and making corrections, as necessary, to try and maintain a fair price for fuels.
Watch out for fuel price updates and financial advice from the DMRE.
Also Read: South Africa UBI Grants March 2025: Check Payment Details & Eligibility