Petrol price November 2026: about R1.80 a litre more expected
Petrol is expected to go up by about R1.80 a litre in November 2026, and diesel by about R1.00. That estimate is from IOL, based on the Central Energy Fund's data up to mid-October (IOL). It would take 95 petrol in Gauteng from R30.25 to about R32.05 a litre, a new record. The new prices normally start on the first Wednesday of the month, which is Wednesday 4 November.
What you pay now, and what November could look like
| Fuel | October price (since 7 October) | November if the estimate holds |
|---|---|---|
| 95 petrol, inland (Gauteng) | R30.25 | about R32.05 |
| 93 petrol, inland | R29.88 | about R31.68 |
| 95 petrol, coast | R29.38 | about R31.18 |
| Diesel 0.05%, inland (wholesale) | R31.95 | about R32.95 |
| Diesel 0.05%, coast (wholesale) | R31.08 | about R32.08 |
October prices are from the Department of Mineral and Petroleum Resources' adjustment, as reported by TimesLIVE (TimesLIVE). The November column simply adds IOL's estimate to them. It is not an official price. Diesel prices are wholesale, so what you pay at the pump varies by station.
Why the estimate fell from R4.50
The first data for the month pointed to a petrol increase of more than R4.50 a litre. Since then, daily under-recoveries have come in much lower, between 55 cents and R1.50. That is slowly pulling down the month's average, which stood at R2.73 when IOL calculated its estimate. Its R1.80 figure assumes the rand and international oil prices stay where they are until the end of October.
How the monthly price is set
- The review period runs for about a month before each change. October's covered 28 August to 1 October.
- Under-recovery means local prices are lower than they should be given oil prices and the exchange rate. The average over the review period becomes the next month's increase, before any levy changes.
- The department announces the official prices a few days before they take effect. For November that will be in the last days of October.
What drove October's record rise
In October, 95 petrol rose by R3.33 a litre and 93 by R3.12, and diesel by R2.84 to R3.24. TimesLIVE reported that international product prices rose sharply because of military tensions in the Middle East. The slate levy also went up by 4.38 cents a litre because the fuel price stabilisation fund was R10.456 billion in deficit. We will update this page with the official November prices as soon as the department announces them.
