Diesel prices are set to decrease sharply in December while petrol prices will increase by between 23 cents and 33 cents a litre next month. Commenting on unaudited data from the Central Energy Fund (CEF), the Automobile Association (AA) says while international product prices are having a mixed impact on fuel prices, the stronger Rand is contributing positively on all fuel prices. 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,” notes the AA.
The good news, however, is in diesel prices which are expected to decrease by around R1.55/l. Illuminating paraffin is expected…
