The current data suggests that the price of petrol will increase, while diesel gets a much-needed price drop.

The data is coming from the Central Energy Fund (CEF) and the Automobile Association of SA (AA). Right now and as it stands, petrol price will increase between 97c/litre and R1.09/litre, but a decrease for diesel of up to 34c/l next month. Illuminating paraffin is also expected to increase by around 30c/litre.

The reasons behind the changes are as follows; international product prices have an average upward movement for petrol, while diesel has gone the other way. Also helping a little is our currency, with the Rand performing slightly better against the US Dollar in daily trading.

“With these expected increases to petrol, the price of a litre of 95ULP, for instance, will climb to just under R24/l which will be way below the high of R26.74/l seen in July, but which will still be higher than September, October, and November prices. The decrease to diesel is, of course, welcome and should, at least, not immediately negatively impact other prices reliant on diesel as an input cost. Of course, the increase to illuminating paraffin remains a concern as it will affect the poor most,” says the AA.

As a reminder, these figures are based on mid-month data and are likely to change before the end of November 2022. “However, increases to petrol prices are almost certain to happen while decreases to diesel are also almost a certainty. Given that many people will be travelling by vehicle in December we advise motorists to carefully plan their budgets now to ensure they have the necessary funds to cover their expenses, which may also include toll fees on certain routes,” notes the AA.

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