It appears Santa Claus will not be bestowing major fuel price cuts upon South African motorists this Christmas. Unaudited data from the Central Energy Fund points to a marginal decrease of about 7 cents per litre for 93-octane petrol. This is coupled with a slight increase of 3 cents per litre for 95-octane petrol.
The Automobile Association’s spokesperson, Eleanor Mavimbela shared the details for what else can be expected.
“It’s probable that the annual margin adjustments could also have a negative impact on the expected increase of around 48c/l to diesel, also pushing this fuel price higher. The expected increase of around 43c/l for illuminating paraffin will also not come as good news for users of this fuel in December,” said Mavimbela.
Fluctuations in the international product prices of unleaded fuel since the middle of last month and a weaker Rand at the start of the month has added to the under-recovery (increase) of fuel prices.
Motorists can expect the December fuel price adjustments to kick in on Wednesday 4 December.
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