Mixed fuel price picture for December – AA
The Automobile Association on Friday warned motorists to prepare for a mixed bag when December’s fuel prices are announced.
According to the latest forecast by the Automobile Association, current data from the Central Energy Fund indicate that petrol will decrease, while diesel will be more expensive.
"Based on the CEF’s data, ULP95 is expected to reduce by approximately five cents a litre, while ULP93 is set for a reduction of approximately 16 cents a litre. Diesel is expected to increase by between 40 cents and 38 cents a litre while illuminating paraffin will increase by around 39 cents a litre,” said AA spokesperson Eleanor Mavimbela.
She explained that this is mostly due to the weakening of the rand.
"Although the rand/US dollar exchange rate was stable in the first two weeks in the period under review, the rand weakened slightly against the USD following the American presidential elections, resulting in a less substantial decrease for all grades of petrol.
"International petrol prices have been declining for a while. Hence, the expected decrease in petrol prices in December, but diesel prices continue to move in the opposite direction."
Mavimbela advised consumers to budget accordingly, especially with the upcoming festive season.
“Planning for a long journey during the December/January break should begin now and should include a complete once-over of your vehicle to ensure it is ready for a long trip. In addition to keeping your vehicle in good condition, we also urge all road users to ensure their state of mind is equally ready to share the road with other road users and to play their part in keeping our roads safe this festive season."
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