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IOL News reports that after a relatively stable year for fuel prices, South Africans will have to dig a little deeper in December, with petrol and diesel prices set to increase.
Month-end data from the Central Energy Fund (CEF) shows that 95 Unleaded petrol is likely to increase by 25 cents, while 93 Unleaded will go up by 20 cents. Diesel is set for more significant hikes, with 500ppm predicted to increase by 64 cents and 50ppm by 81 cents. From Wednesday, motorists can expect to pay around R20.54 for a litre of 95 Unleaded petrol at the coast and R21.37 in the inland areas, where 93 Unleaded will cost around R21.17. The wholesale price of 50ppm diesel will rise to around R19.23 at the coast and R19.99 inland.
The final price adjustments for December have still to be announced by the Department of Mineral and Petroleum Resources. The December fuel price increases come as a result of higher international product prices. A slightly stronger rand has lent some relief to the situation, lowering the potential price increase by around three cents.
- Read the full original of the report in the above regard by Jason Woosey at IOL News
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