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Fin24 reports that according to the latest information from the Central Energy Fund, petrol prices may be hiked in the first week of December, ahead of SA’s peak travel season.
However, diesel could ease from record high levels. The fuel prices are usually adjusted on the first Wednesday of a month and determined by the price of oil and the rand-dollar exchange rate. The data shows that 95 unleaded petrol could be increased by around R1.10 a litre in December, with 93 petrol due for a 97c hike. But diesel may be cut from record-high levels, and currently looks set for a decrease of between 27c and 35c. Following another hike this month, the Gauteng diesel price is now at R25.49 a litre – a new record high. A year ago, Gauteng's diesel price was around R17.20 per litre. In Gauteng, 95 petrol costs R22.87 a litre, compared to R19.54 a year ago – but down from a peak of R26.74 in July.
- Read the original of the report in the above regard at Fin24
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