Diesel goes down, petrol goes up
It is that time of the month again and come Wednesday, December 7, fuel pumps will yet again display different numbers.
According to data released by the Central Energy Fund (CEF), the AA predicts the diesel price to decrease by as much as R1.55.
Petrol users will, however, pay between 23 and 33c/l more depending on 93ULP or 95ULP.
Fuel prices for December will be adjusted next Wednesday.
“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/l. Currently, the price of 93ULP is expected to increase by around 23c/l and the price of 95ULP by around 33c/l,” said the AA.
Now although diesel price is decreasing, it is still R6.20/l more than what it was in January 2022.
“The rand’s positive movement is certainly aiding consumers without which the outlook may have been gloomier. As we have said before, we believe such a review is long overdue and the longer government delays in getting this started, the longer it will take to find sustainable solutions,” the AA concludes.
Source: AA
