Petrol prices could drop by more than R1.50 a litre in December

Petrol prices could drop by more than R1.50 a litre in December

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Fancy an early Christmas present? Here’s some (sort of) good news about how much it’s going to cost to fill up your car next month.

Early predictions point to a significant decrease in petrol prices ahead of the festive season.

However, it may not be as merry a time for diesel drivers, with possible increases on the cards.

ALSO READ: SA households face mounting financial pressure as fuel prices rise

Preliminary figures from the Central Energy Fund (CEF) suggest that the price of 95 unleaded petrol could drop by as much as R2.53 per litre.

But motorists are unlikely to see the full savings because of changes to the government’s temporary fuel levy relief.

The temporary fuel levy reduction, which came in in November, is unlikely to carry through to December.

So, with the planned levy changes taken into account, 95 petrol could fall by around R1.82 per litre, while 93 petrol could decrease by about R1.52.

Diesel prices, meanwhile, could increase by between R1.15 and R1.49 per litre.

The more favourable outlook is due to the easing of international oil prices and the rand having strengthened against the US dollar.

The official fuel prices are expected to be announced towards the end of November, with the changes taking effect on Wednesday, 2 December.

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Reported by ewn.co.za.

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