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Motorists can expect a mix of increases and decreases in fuel prices in January.
The Automobile Association was commenting on Wednesday on unaudited data from the Central Energy Fund (CEF.
The AA said the data indicated that while there is a slight increase for ULP93, diesel, and illuminating paraffin prices are expected to decrease.
"Based on the data, ULP95 is anticipated to increase by around three cent per litre, while ULP93 is projected to increase by 11 cents per litre.
“Diesel prices are expected to drop by approximately three cents per litre, and illuminating paraffin is set to decrease by about 14 cents per litre," the Association said.
Spokesperson, Eleanor Mavimbela, said these expected reductions are attributed to lower international product prices observed from the end of the previous month.
“Although the Rand has not been performing well against the US Dollar for most of the review period, the data indicates that changes in international product prices significantly influence these forecasted reductions,” she said.
The AA also reiterated that this is mid-month data, and the price outlook could change significantly over the next two weeks before the official January adjustment is announced, especially as the data trends closely towards a different trajectory.
The officially adjusted fuel prices will take effect on Wednesday, 1 January, and will be announced by the Department of Mineral Resources and Energy (DMRE).
