April petrol price predictions point to nearly R1 decrease

Diesel and petrol price predictions did the up-and-down dance last month, ending with a highly agreeable (albeit small) decrease. We’re sure everyone would’ve liked to see an even bigger decrease, but we’ll take what we can get. Luckily, the latest predictions for March continue the downward trend.

These predictions are handed to us hot off the proverbial press from the Central Energy Fund (CEF). Today, the latest fuel snapshot from CEF indicates a decrease for all petroleum-based fuels for April.

‘I’ll have another decrease, please’

Before we get to the important petrol price numbers, it’s worth remembering that these predictions are still that – predictions. They aren’t set in stone just yet. That’s up to the Department of Mineral Resources and Energy (DMRE) before the first Wednesday of every month, and a lot could happen between now and the 2nd of April.

In the meantime, the CEF will continue to spit out these predictions and we’ll keep relaying them to you so you can plan your petrol spend accordingly. You could even try predicting the changes yourself by keeping track of the Rand/US Dollar exchange rate and the price of unrefined oil globally, but that feels like a lot of work. Anyway…