South African Fuel Prices Projected to Drop in August

The Central Energy Fund projects that South African motorists will see fuel price decreases in August 2026. Petrol is expected to drop by R1.30/l for 93 octane and R1.26/l for 95 octane. Wholesale diesel prices for 50ppm and 500ppm are projected to decrease by 74c/l and 47c/l, respectively.

These anticipated cuts stem from previous declines in crude oil prices and a relatively firm rand, which helped offset recent spikes in global oil costs. Brent crude rose to approximately $85 a barrel following renewed military action in the Middle East and a threat from U.S. President Donald Trump to impose a 20% toll on ships passing through the Strait of Hormuz.

Final fuel prices are scheduled to take effect on Wednesday, August 5, 2026.