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BusinessLive reports that SA motorists face a mixed bag in December, depending on what type of car they drive, with petrol prices looking set to rise and diesel prices due for a big cut.
Fuel prices are adjusted on the first Wednesday of every month. According to the latest data by the Central Energy Fund (CEF), on 7 December the retail price of 95 unleaded petrol is due to increase by 41c/l and 94 unleaded is set to rise 30c/l. However, the prognosis for diesel car owners is positive. The price of high sulphur (500ppm) diesel will fall by R1.48/l and low-sulphur (50ppm) diesel by R1.42/l. Illuminating paraffin is expected to drop by 41c. But, these are estimates based on CEF data on Monday and it is still too early to accurately predict what lies ahead for December. SA fuel prices are driven by the international price of petroleum products and the rand/dollar exchange rate. The current retail price of 93 and 95 petrol inland is R22.57 and R22.87 R22.87/l, respectively. The wholesale prices of high sulphur diesel are R25.49 and R25.75 /l, respectively.
- Read the original of the report in the above regard by Denis Droppa at BusinessLive
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