December fuel prices: Petrol set for hike, but diesel may be cut
According to the latest information from the Central Energy Fund, petrol prices may be hiked in the first week of December, ahead of South Africa'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.
Oil prices have been volatile in recent weeks. Demand has been bolstered by easing Covid-19 lockdown restrictions in China and a cut in production among oil producers. However, the oil price is trading at its lowest level in three weeks amid concerns about the US economic outlook.
A recent rally in the rand – which surged from R17.85/$ a week ago to R17.26 on Tuesday – will help fuel prices.
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.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation