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South African Fuel Price and Levies

What this page covers

The petrol price is regulated and changes on the first Wednesday of each month. Roughly a third of it is tax, which is why the pump price moves less than the oil price does.

R4.10fuel levy, petrol
R2.25RAF levy
R6.54total tax, petrol
1st Wedprice changes
What the pump price is made of
ComponentApproximate shareSet by
Basic fuel priceAbout 50%International product price and the rand
General fuel levyAbout 18%National Treasury
Road Accident Fund levyAbout 10%National Treasury
Wholesale and retail marginAbout 15%Department of Mineral Resources and Energy
Transport and storageAbout 5%Regulated
Carbon and other leviesAbout 2%National Treasury
The levies, 2026/27
LevyPetrolDiesel
General fuel levyR4.10 per litreR3.93 per litre
Road Accident Fund levyR2.25 per litreR2.25 per litre
Carbon fuel levy19c per litre23c per litre
Total tax componentAbout R6.54About R6.41
How the price is set
ItemRule
FrequencyMonthly, effective the first Wednesday
BasisAverage international product price over the preceding month
CurrencyThe average rand-dollar rate over the same period
PetrolPrice regulated at the pump, inland and coastal differ
DieselWholesale price regulated, retail price not
Slate levyRecovers the gap between the regulated and actual price

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How these figures work

The figures on this page come from the body that publishes them and change on a schedule rather than continuously, which is what makes them worth keeping in one place. Because the price is set on a month of past data, a spike in the oil price today shows up at the pump next month rather than now.

Diesel is not price-regulated at the pump, which is why the same station can charge different diesel prices in different weeks while petrol is fixed.

★ What this means in practice

The carbon tax rose to R308 per tonne of CO2 equivalent from 1 January 2026, which feeds into the carbon fuel levy.

✕ Common mistakes

  • Because the price is set on a month of past data, a spike in the oil pri. Because the price is set on a month of past data, a spike in the oil price today shows up at the pump next month rather than now.
  • Diesel is not price-regulated at the pump, which is why the same station. Diesel is not price-regulated at the pump, which is why the same station can charge different diesel prices in different weeks while petrol is fixed.
  • The carbon tax rose to R308 per tonne of CO2 equivalent from 1 January 2. The carbon tax rose to R308 per tonne of CO2 equivalent from 1 January 2026, which feeds into the carbon fuel levy.
  • Taking a figure without its date. A number from a reference page is only as good as when it was last checked, which is why the date sits at the top of this one.

Notes on reading these figures

  • Because the price is set on a month of past data, a spike in the oil price today shows up at the pump next month rather than now.
  • Diesel is not price-regulated at the pump, which is why the same station can charge different diesel prices in different weeks while petrol is fixed.
  • The carbon tax rose to R308 per tonne of CO2 equivalent from 1 January 2026, which feeds into the carbon fuel levy.

To put these figures to work, The South African Inflation History runs the arithmetic on your own numbers; Inflation Calculator covers the same ground in ordinary language; How oil trading works for SA traders goes into the detail this table only summarises; Rand Exchange Rate History is the related figure worth reading beside it; and SARB Repo Rate History covers what this page leaves out.

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Terms used on this page

Definitions
Basic fuel price
The landed cost of the product before levies and margins.
General fuel levy
The main fuel tax, set by National Treasury.
RAF levy
Funds the Road Accident Fund.
Slate levy
Recovers the gap between the regulated and the actual price.
Import parity
The cost of bringing the product in, which sets the basic price.

Frequently asked questions

How much of the petrol price is tax?

About R6.54 a litre on petrol, between the general fuel levy, the RAF levy and the carbon levy. That is roughly a third of the pump price.

When does the price change?

On the first Wednesday of each month, based on the average of the preceding month.

Why does the pump price lag the oil price?

Because it is set on a month of past data. A spike today shows up next month.

Is diesel price regulated?

Only at wholesale. The retail diesel price is not regulated, which is why stations differ.

What is the slate levy?

A mechanism that recovers the gap between the regulated price and what the product actually cost.

What changed in 2026?

The general fuel levy is R4.10 a litre on petrol and R3.93 on diesel, and carbon tax rose to R308 a tonne from 1 January.