Diesel predicted to go down, petrol up in December
The price of a litre of petrol is expected to increase by between 23 cents and 33 cents in December.
The latest unaudited data from the Central Energy Fund (CEF) also indicate that diesel prices are set to decrease sharply next month.
The price of 93ULP is expected to increase by around 23c a litre and 95ULP is expected to increase by 33c a litre.
Diesel prices are expected to decrease by R1.55 per litre and Illuminating paraffin is expected to decrease by 49c per litre.
The expected fuel prices for December come as South Africans gear up for their travels over the festive season.
Automobile Association spokesperson Layton Beared says while international product prices are having a mixed impact on fuel prices, the stronger rand is contributing positively on all fuel prices.
“In the case of both grades of petrol, the movement of international product prices is adding between 60c and 71c a litre to the rising costs. But the stronger showing of the rand against the US dollar, especially in the second half of November, is softening those increases by around 37c per litre.
“The rand’s positive movement is certainly aiding consumers without which the outlook may have been gloomier. Going forward, though, we will continue to call for a re-evaluation of the fuel pricing structure to provide more longer lasting solutions to mitigate against rising fuel costs."
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