Fuel Price Hikes Ahead: Here's What You're Likely To Pay For Petrol And Diesel From February 5

Expect to pay more for fuel from Wednesday, February 5, with month-end data from the Central Energy Fund CEF pointing to significant increases for both petrol and diesel.

95 Unleaded petrol is looking set to increase by around 83 cents and 93 Unleaded by 90 cents, while diesel is likely to rise by between R1.01 50ppm and R1.06 500ppm.

This will inflate the price of 95 petrol to around R21.63 at the coast and R22.46 in Gauteng, while 93 should increase to around R22.24.

The wholesale price of 50ppm diesel looks set to reach R18.68 at the coast and R19.44 inland, although retail prices will be somewhat higher than that.

Although these predictions are based on the actual price under-recoveries for January, the official fuel price adjustments have yet to be announced by the Department of Mineral Resources and Energy DMRE and other factors such as the slate balance could push the increases to even higher levels.