South Africa Announces Significant Fuel Price Reductions Effective November 5, 2025

Nationwide Fuel Price Decreases Take Effect

South African motorists and businesses are set to benefit from significant fuel price reductions across the country, effective from Wednesday, November 5, 2025. The announcement was made by Minister Gwede Mantashe of the Department of Mineral Resources and Energy (DMRE), detailing adjustments that will see a welcome reprieve at the pumps.

The price of both 93-octane and 95-octane petrol (ULP & LRP) will decrease by 51 cents per litre. Diesel prices will also see a reduction, with 0.05% sulphur diesel falling by 21 cents per litre and 0.005% sulphur diesel by 19 cents per litre. Illuminating paraffin will decrease by a marginal 1 cent per litre. Furthermore, the maximum retail price of LPGas will drop by 61 cents per kilogram nationally, with a 70 cents per kilogram decrease specifically in the Western Cape.

Factors Influencing the Price Adjustment

The DMRE cited a combination of international and local factors contributing to the favorable price adjustments. Key among these is a decrease in the average Brent Crude oil price, which fell from $67.16 to $64.14 per barrel during the review period. This decline is primarily due to a global oversupply resulting from increased production and uncertainties caused by ongoing trade tensions, which have impacted economic growth and crude oil demand.

International petroleum product prices for petrol and diesel followed this downward trend, leading to lower contributions to the Basic Fuel Prices (BFP) by 39.94 cents per litre for petrol and 8.83 cents per litre for diesel. While international illuminating paraffin prices saw a slight increase, the overall impact was mitigated.

Rand's Strength and Local Conditions

Another significant factor was the appreciation of the South African Rand against the US Dollar. The Rand strengthened from an average of R17.49 to R17.29 per US Dollar during the period under review. This stronger currency reduced the cost of importing crude oil and finished products, contributing to lower Basic Fuel Prices for petrol by 10.60 cents per litre, diesel by 11.77 cents per litre, and illuminating paraffin by 11.53 cents per litre.

The Slate Levy, a domestic pricing mechanism, remains unchanged at zero cents per litre, reflecting a positive cumulative balance of R3.74 billion for petrol and diesel at the end of September 2025.

Relief for Consumers and Businesses

These widespread price reductions are expected to provide much-needed relief for South African consumers and businesses, particularly ahead of the festive season. Lower transport costs are anticipated to ease pressure on household budgets and could have a ripple effect on commodity prices, potentially contributing to a moderation in inflation.