Good news for truckers and motorists is that according to unaudited mid-month data from the Central Energy Fund (CEF), fuel prices across the board are projected to decrease significantly in December.
Based on the current data from the CEF, truckers can expect a massive decrease of around R2.10/l for diesel while consumers can expect a decrease of around R1.06/litre for ULP 95, R1.05/l for ULP 93. Illuminating paraffin is also expected to drop by around and R1.75/l.
“The current data is showing that international product prices have eased since the beginning of the month and are contributing to the bulk of the expected decreases. The stronger value of the Rand against the US Dollar is also playing its part and is combining with the more stable oil prices to ensure South Africans can look forward to lower fuel prices in December,” says the AA.
Based on these numbers, ULP 95 inland could drop to around R22.17/l, and R22.05 at the coast marking the lowest pricing for this fuel since February. The expected drop in the diesel price will bring this fuel cost down to around R22.15/l, higher than its August pricing of R20.21/l but cheaper than its September pricing of R23.05/l. Adjusted fuel prices for December come into effect on 6 December.