We’ve had just over a week to come to terms with the Central Energy Fund’s (CEF) predictions. It was rough – a petrol increase of R1.00 looked likely – and diesel was on its way down for the first time in ages. If you thought that was good, you’ll love the predictions this week.
According to statistics captured yesterday, 23 November, the CEF predicts a huge drop for diesel drivers. Petrol drivers aren’t as lucky to have a complete reduction, though the numbers are certainly more favourable compared to last week.
Disclaimer time: these numbers aren’t final. The CEF makes its predictions based on factors such as the current Rand/Dollar exchange and the price of refined oil. The true figures are decided by the Department of Energy with the changes coming into effect on the first Wednesday of the next month. In this case, Wednesday, 7 December.
Do you want the bad news first?
- Petrol 95: increase of 62 cents per litre (R0.62)
- Petrol 93: increase of 52 cents per litre (R0.52)
- Diesel 0.05%: decrease of 112 cents per litre (R1.12)
- Diesel 0.005%: decrease of 105 cents per litre (R1.05)
- Illuminating Paraffin: decrease of 15 cents per litre (R0.15)
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It’s a step in the right direction for petrol and a giant leap in the right direction for diesel. We’re still thirteen days away from the changes taking effect. Let’s hope the numbers keep moving in the right direction until then.
Source: Central Energy Fund
