Relishing fuel price relief
MOTORISTS are looking forward to significant fuel price relief next month, and data shows the price decreases could be bigger than expected.
Around mid-November, fuel price data from the Central Energy Fund pointed to decreases in the region of R1.50 for petrol and 92 cents in the case of diesel. However, if the current price trends continue for the coming week, motorists could enjoy a petrol price reduction of R1.80 a litre or more, based on conservative estimates, with diesel drivers saving up to R1.40.
This is, of course, dependent on international oil prices and the rand remaining at or near current levels, but even a significant wrong-way movement in either would not be enough to prevent South Africans from enjoying meaningful savings at the pumps in December.
The oil price could surge again soon.