The new regulatory system is meant to introduce tranparency, but not all the players are happy.
South Africa should brace itself this year as the rise in petrol prices and electricity tariffs will swallow any money gained from tax breaks.
The retail price of all grades of petrol will increase by 41 cents per litre, says the department of energy.
Sanctions on Iran have pushed up the oil price, but government's levies and tariffs are not easing the pain as massive fuel price hikes hit consumers.
The department of energy says the recent drastic fuel price increase is due to external factors and has urged South Africans to be fuel efficient.
The retail price of all grades of petrol will increase by 23 cents per litre on Wednesday November 2, the department of energy has announced.