R4.60 per litre petrol price pain for South Africa

Early data from the Central Energy Fund (CEF) for October 2026 shows that petrol and diesel prices are experiencing a massive under-recovery, which could result in another price hike this November.

Petrol is facing an under-recovery of R4.28 and R4.57 per litre, while diesel prices are set for an under-recovery of between R2.56 and R2.91 per litre.

This would put the price of both fuels at historic highs, with petrol and diesel reaching R34.82 per litre and R36.20 per litre, respectively.
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How? Oil and dollar are almost in the same place as it was last month.
 
Rand is steady against dollar tho.
 
Lupus said:
How? Oil and dollar are almost in the same place as it was last month.
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“The story is not only about oil prices. It is also about refinery margins, which have increased across regions as refining capacity has been destroyed or taken out of production and the ability to export refined products has been constrained”

Transport costs are also increasing I believe.

www.bizcommunity.com

Fuel prices may stay high after the war ends, warns SA Reserve Bank

“It seems that refinery margins are decoupling from oil prices and so even if oil prices moderate, fuel prices are likely to remain elevated,” said SARB’s chief economist Konstantin Makrelov.
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