BONUS - RUSTENBURG - As December is upon us, South African motorists are bracing themselves for fuel price adjustments. According to insights derived from the Central Energy Fund (CEF), preliminary data suggests a slight decrease in petrol prices, while significant hikes are anticipated for diesel and illuminating paraffin.
The expected changes include:
ULP95 Petrol: Expected to decrease by approximately 5 cents per liter (c/l).
ULP93 Petrol: Set for a reduction of roughly 16 c/l.
Diesel: Anticipated increase ranging between 38 and 40 c/l.
Illuminating Paraffin: Projected increase of about 39 c/l.
The Automobile Association (AA) notes that although the Rand/US dollar exchange rate remained stable in the first two weeks of November, it experienced a slight weakening against the USD following the American presidential elections. This contributed to a less substantial decrease in petrol prices than might have been expected.
The AA highlights, “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.” It is important to keep in mind that these figures are based on mid-month data, meaning the price outlook may shift before the December adjustments are formally announced.
The official new prices will take effect on 4 December, the first Wednesday of the month.
For those planning long journeys during the festive season, now is the time to ensure vehicles are in top condition.
The AA emphasises the importance of vehicle maintenance and road safety, urging all drivers to be mindful while sharing the road. As we approach this busy travel period, being prepared is essential for a safe and enjoyable experience on South Africa’s roads.
