The article discusses the anticipated reduction in petrol and diesel prices in August 2026, influenced by earlier dips in global oil prices and a relatively strong South African rand.

Despite renewed tensions in the Middle East and a rebound in oil prices to around $85 per barrel, the Central Energy Fund (CEF) data indicates significant fuel cost reductions.Petrol prices are projected to decrease by R1.30 per litre for 93 octane and R1.26 per litre for 95 octane, while diesel prices are expected to drop by 74c per litre for 50ppm and 47c per litre for 500ppm.Inland motorists would pay R24.64 for 93 unleaded and R24.84 for 95 unleaded, with diesel prices at R24.42 and R24.31 respectively.Coastal areas see slightly lower prices, with 95 unleaded at R23.97.These figures are subject to change as the CEF continues monitoring international oil prices and the rand-dollar exchange rate.The final August fuel prices will take effect on August 5, 2026.