A black Christmas is most probably on the cards for motorists, as a steep petrol price increase is forecast.
The latest weekly estimates from the Central Energy Fund (CEF) point to petrol paid for motorists in December, but there are currently some bright spots in view for diesel following months of steep hikes.
According to the CEF’s weekly data to 11 November, petrol prices are currently showing an under-recovery (and so a potential increase) of around R1,20 per litre for December.
Diesel prices, meanwhile, could show a slight rise from 2 cents to 6 cents per litre.
The department stresses the snapshot is not predictive, but rather serves as a fuel price indication. As market conditions change throughout the month so too do the forecasts.
Here are the projected price adjustments at mid November:. Petrol 93/95: increase of R1,20 per litre. Diesel 0,05%: decrease of 6 cents per litre. Diesel 0,005%: decrease of 2 cents per litre. Paraffin: increase of 43 cents per litre
