Publications
Partners
Motorists will receive an early Christmas present as the Central Energy Fund (CEF) released unaudited mid-month data that shows fuel prices are expected to decrease significantly and that the new fuel prices will go into effect on 6 December.
According to the Automobile Association (AA), this decrease will provide additional relief to struggling consumers, particularly as we approach the end of the year and the expected increase in traffic on major holiday routes.
READ: Soaring SUV sales cancel out climate challenge gains, says Greenpeace
The AA said that consumers could expect a R1.06/litre decrease for ULP 95, R1.05/litre for ULP 93, and a massive R2.10/litre decrease for diesel based on current CEF data. Illuminating paraffin is also expected to fall by R1.75/l.
AA said:
Based on these figures, AA said that the ULP 95 inland could drop to around R22.17/l and R22.05 at the coast, the lowest price for this fuel since February, and the anticipated drop in diesel prices will reduce the cost of this fuel to around R22.15/l, which is higher than the August price of R20.21/l but lower than the September price of R23.05/l.
READ: Economist calls for the Reserve Bank to cut rates as inflation rises closer to 6%
AA said:
The AA further stated that South Africans planning long journeys for their end-of-year holidays would be relieved, as would consumers who suffer when diesel prices rise. It added that motorists should ensure their vehicles are in good mechanical condition, and that their tyres are in a good state and inflated according to the manufacturer’s specifications.
