Latest weekly estimates from the Central Energy Fund (CEF) point to petrol increases for motorists in December. According to the CEF’s weekly data to 11 November 2022, petrol prices are currently showing an under-recovery (thus a potential increase) of around R1.20 per litre for December. Diesel prices, meanwhile, could show a slight drop of between 2 cents to 6 cents per litre. The department stresses that the snapshot is not predictive but rather serves as a fuel price indication. As market conditions change throughout the month, so too do the forecasts. Diesel is expected to remain stable.
These are the projected price adjustments at the end of week two of November.
- Petrol 93/95: increase of R1.20 per litre
- Diesel 0.05%: decrease of 6 cents per litre
- Diesel 0.005%: decrease of 2 cents per litre
- Paraffin: increase of 43 cents per litre