The Central Energy Fund (CEF) has announced that petrol prices will spike in December.
Local economists have also echoed that fuel and oil increases should be expected next month.
Also read: Fuel is going up tomorrow
There will be good news for diesel motorists, however, according to the 11 November 2022 predictions.
Both petrol 93 and 95 will go up by R1.25. Diesel prices will have a slight reduction of between 2 to 6 cents.
Paraffin will increase by 43 cents per litre. According to BusinessTech, more good news may come with diesel prices decreasing.
“While the possible drop in diesel prices seems tiny compared to the R1.60 per litre hike seen over the last two months, the latest daily snapshot of fuel prices from the CEF shows an improving trend and that diesel could be dropping by 13 cents to 22 cents per litre in the new month if current market conditions continue.”
December fuel prices will be announced on 7 December 2022.
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