Could December bring a break at the pumps?

LIMPOPO – Filling up the tank could cost less in December if early fuel price predictions prove accurate, offering welcome relief ahead of the festive season.

Petrol is currently tracking towards decreases of about R2.44/l for 93 octane and R2.73/l for 95 octane, according to Central Energy Fund (CEF) data up to November 9. Diesel and illuminating paraffin are also showing over-recoveries. However, the monthly fuel price review period is still in its early stages, meaning the figures are likely to change before the Department of Mineral and Petroleum Resources (DMPR) announces the official adjustments at the end of the month.

Motorists should also note that the government’s temporary fuel levy relief will be reduced from December 2. The petrol levy relief will decrease from R1.50/l to R1/l, while diesel relief will be reduced from R3/l to R1.50/l. This means the final fuel price changes could be smaller than the early CEF projections.

The DMPR is expected to announce the official fuel price changes at the end of November, with the new prices set to take effect on Wednesday, December 2.

With schools closing and holiday travel around the corner, any reduction in fuel prices would be welcome news for motorists planning festive season trips.

Matthew Vilar 1 minute read Facebook X LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email Print Support local journalism Add The Citizen as a preferred source to see more from Review in Google News and Top Stories.