The AA says data is indicating significant increases to petrol prices of between 97c/litre and R1.09/l, but a decrease of up to 34c/l for diesel next month. File photo.Current unaudited data from the Central Energy Fund is indicating a mixed bag of increases and decreases to fuel prices for December, according to the Automobile Association .
The Association said the data is indicating significant increases to petrol prices of between 97c/litre and R1.09/l, but a decrease of up to 34c/l for diesel next month. Illuminating paraffin is expected to increase by around 30c/l. According to the data, the average upward movement in international product prices is the main driver behind the increase to petrol prices while the slight downward trend in international diesel product prices is having the reverse impact on this fuel. The rand is performing stronger against the US dollar in daily trading, especially since the second week of November, which is having a positive impact on fuel prices.
“With these expected increases, the price of a litre of 95ULP will climb to just under R24/l, which will be way below the high of R26.74/l seen in July, but higher than September, October, and November prices. The decrease to diesel is, welcome and should, at least, not immediately negatively impact other prices reliant on diesel as an input cost. The increase for illuminating paraffin remains a concern as it will affect the poor most,” said the AA.
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