South Africans can look forward to some relief at the pumps from Wednesday, November 5, but the savings won’t be as significant as had been expected, thanks to a slight uptick in international oil prices towards the end of October.
The Department of Mineral Resources and Energy has announced the official fuel price adjustments for November. Both grades of petrol will decrease by 51 cents per litre, while diesel will go down by between 19 cents (50ppm) and 21 cents (500ppm).
This means South Africans will pay R20.29 for a litre of 95 Unleaded petrol at the coast and R21.12 in the inland areas, where the cheaper 93 Unleaded will retail for around R20.97. This will bring petrol prices to their lowest levels in just over a year, and close to three-year lows.
The wholesale price of 50ppm diesel will fall to R18.42 at the coast and R19.18 inland.
Oil prices edge higher
This month saw international oil prices dip to their lowest level in almost six months, with Brent Crude sinking to around $61 around mid-month; however, improved economic sentiments and lower US stockpiles saw prices test the $65 mark last week.
Global investor confidence has improved after US President Donald Trump’s largely positive trade talks with Chinese President Xi Jinping saw some tariffs being reduced, taking pressure off the trade war scenario that has plagued most of 2025.
ALSO READ: The poor will be hit hardest: Treasury slammed for increasing fuel levy in 2025 Budget 3.0
Nonetheless, this year has seen relative stability on the fuel price front in South Africa. 95 Unleaded petrol, which will cost R20.29 at the coast from November, started the year out at R20.80, reaching a high of R21.62 in February, before edging downwards in most months since.
ALSO READ: Why fuel is more expensive inland, and how prices are calculated in South Africa
IOL Motoring
Get your news on the go. Download the latest IOL App for Android and IOS now
