Rel­ish­ing fuel price re­lief

The Sunday Independent - - METRO -

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.

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