RUSTENBURG HERALD - RUSTENBURG - The Central Energy Fund, or CEF, is a state-owned energy company that reports directly to the Department of Energy (DoE), tasked with tracking any fluctuating trends throughout any given month that directly impact the official fuel prices.
These trends involve the current Rand/US Dollar exchange rate and the price of refined oil globally.
It then compiles all that data into a daily predictive snapshot (as seen on the right) to best warn the country of impending price hikes or cuts.
The Department looks at an average of all this data at the end of the month to arrive at the official fuel prices.
The DoE cannot artificially influence these numbers, though it does still maintain control over any slate levy or retail margin changes.
Unfortunately, the CEF does not account for these changes.
Here are the petrol and diesel price adjustments for May 2024:
Petrol 93: increase of 33 cents per litre (R0.33)
Petrol 95: increase of 34 cents per litre (R0.34)
Diesel 0.05%: decrease of 30 cents per litre (R0.30)
Diesel 0.005%: decrease of 36 cents per litre (R0.36)
Illuminating Paraffin: decrease of 19 cents per litre
(R0.19).
