Subscribe to industry newsletters

Potential fuel price drop for December

According to the Automobile Association (AA), which sends out comment on the unaudited mid-month fuel price data, South African consumers can look forward to potential drops in petrol and diesel, while illuminating paraffin could rise.
Photo by Andrea Piacquadio from Pexels
Photo by Andrea Piacquadio from Pexels

We've had a good run with the price of fuel coming down gradually throughout 2020 and as we head into the final month of the year, it looks like SA consumers will see yet another decrease. The SA Rand has been performing well, but unfortunately, there has been a sharp spike in the price of international oil.

"Petrol is set to drop by up to 36 cents a litre, but by contrast, diesel will likely only see a four-cent drop. Meanwhile, illuminating paraffin is showing an increase of almost ten cents a litre," is what the AA is predicting.

It's great to see some decreases, as the international prices have increased substantially in the early parts of November 2020.

"Fortunately, the Rand has fended off most of these increases, and has appreciated strongly against the US dollar, dipping below R15.50 to the dollar on November 10," added the AA.

We're hoping the numbers stay on their current trajectory and we get another drop in the fuel price as we close off this year.

This article was originally published on Cars.co.za.


SOURCE

Cars.co.za
Cars.co.za is a leading online automotive retail portal that lists more than 70 000 vehicles stocked by hundreds of dealers countrywide, as well as the top-ranked branded SA YouTube channel. In 2015, Cars.co.za repositioned itself as a consumer champion by optimising its editorial content for the purposes of engaging and empowering its users. The Cars.co.za Ownership Satisfaction Survey, in association with Lightstone Consumer, and the Cars.co.za Consumer Awards – powered by WesBank, underlines the company’s objective to be the most comprehensive resource to South African vehicle buyers.
Go to: http://www.cars.co.za

Let's do Biz