Remember August, September and October? Those three blissful months when petrol prices were heading down and our predictions articles promised blue skies and low petrol prices. We miss those days.
And then November struck and brought rain to our little paradise. Petrol went up by R0,51 and diesel was hit harder with a R1,43 increase. And it seems likely it’s going to happen all over again. Strap yourselves in folks, you’re about to read December’s petrol price predictions.
Increasing prices for the masses
These predictions are just that, predictions. Based on the Central Energy Fund’s daily fuel price indicators, it’s not looking good for motorists in December. The true prices will reflect on the first Wednesday of the new month, 7 December. The Department of Energy decides the price at the end of the month, basing it on factors such as the US/Rand exchange rate and the price of oil.
- Petrol 95: increase of 134 cents per litre (R1,34)
- Petrol 93: increase of 126 cents per litre (R1,26)
- Diesel 0.05%: increase of 50 cents per litre (R0,50)
- Diesel 0.005%: increase of 60 cents per litre (R0,60)
- Illuminating Paraffin: increase of 51 cents per litre (R0,51)
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This is nothing new for diesel drivers. They’ve had to deal with price hikes for a while now. Petrol drivers, on the other hand, felt a shock when the price increases landed last week Wednesday. There’s still time for things to turn around, but it’s not looking good for us. We’ll keep you updated as the month goes on.
Source: Central Energy Fund