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The Automobile Association says unaudited mid-month data from the Central Energy Fund points to a “mixed bag of increases and decreases” to fuel prices for December.
It says the data is indicating significant increases in petrol prices of between 97 cents a litre and R1.09 a litre for the different grades.
The AA says a decrease of up to 34 cents a litre for diesel is expected next month, but the price of paraffin is expected to go up by 30 cents, which will hit the poorest of the poor the hardest.
“According to the data, the average upward movement in international product prices is the main driver behind the increase to petrol prices while the slight downward trend in international diesel product prices is having the reverse impact on this fuel.”
The Rand is performing stronger against the US Dollar in daily trading, especially since the second week of November, which is having a positive impact on fuel prices.
The Association cautions though that these are mid-month figures and are likely to change before the final adjustment for December is made later in the month.
