We’re back again with petrol price predictions for the month of December. We’re not going to sugarcoat it – it’s not looking good. Especially for petrol drivers, who’ll feel the brunt of increases. Diesel drivers have less to worry about, though they might not escape rising costs entirely.
According to the Central Energy Fund’s (CEF) weekly predictions stats, we aren’t heading back to the good ol’ days (two months ago) when prices went down every month. We could be stuck with price increases for a while. But first, a slight disclaimer.
The following data was captured on Friday, 11 November, and is subject to change. The CEF’s numbers are based on factors like the current USD/Rand exchange rate and the price of refined oil. The true numbers will be reflected on the first Wednesday of next month, 7 December. These price changes are officially decided by The Department of Energy before the change takes place.
Inflicting pain
- Petrol 95: increase of 114 cents per litre (R1.14)
- Petrol 93: increase of 103 cents per litre (R1.03)
- Diesel 0.05%: decrease of 21 cents per litre (R0.21)
- Diesel 0.005%: increase of 13 cents per litre (R0.13)
- Illuminating Paraffin: increase of 37 cents per litre (R0.37)
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This week at least shows an improvement over last week’s CEF predictions. The group’s predictions initially expected petrol to increase by R1.34. These numbers aren’t much better, but any improvement before the festive season begins is welcome.
Source: Central Energy Fund