Guiding consumers since 2009

Petrol price expected to decline in December

By Jessica Anne Wood

There’s some good news for December as motorists could be in for a respite in the fuel price come December, with the Automobile Association of South Africa (AA) predicting a price reduction. This follows international petroleum prices decreasing from their late-October highs. This assessment is based on the unaudited mid-month fuel price data released by the Central Energy Fund (CEF).

“International oil prices remained stable throughout October, but have been in decline since November began. The Rand/US dollar exchange rate firmed over the same period, making a welcome contribution to the picture,” explained the AA.

According to the AA, current data suggests a 45 cents per litre drop in the petrol price, a 38 cents reduction in the price of diesel, and a 40 cents decrease in the cost of illuminating paraffin. However, the AA stressed that the Rand has been weakened by the result of the US presidential election, and as such, if the currency does not return to its previous levels, come the end of the month, the fuel outlook may be quite different.

“In addition to short-term fluctuations, the Rand remains exposed to a possible ratings downgrade in South Africa. The currency is now also vulnerable to possible shifts in US policy when president-elect, Donald Trump, takes office early in 2017,” said the AA.

“While the expected reduction at the pumps ahead of the 2016 Christmas season is welcome, South Africans would be prudent not to expect sustained drops in the fuel price over the next few months,” the AA noted.

The current fuel price

The below tables indicate the rise and fall of the fuel prices during 2016.



 Handy tip: Looking for car insurance? You can apply on Justmoney.

Recent Articles

Featured Asset repossession: What banks want you to know

When you’re facing financial strain, it can be difficult to keep up with your debt. Unfortunately, if you refrain from paying your debt, your creditors have the right to take legal action against you. This includes repossessing your assets. But before you hand them over, here’s what you should know.

How to spend a lumpsum for great returns

Imagine you win the lotto. Anyone in this position would be ecstatic! But once your excitement settles down, you’ll have to consider what’s the best thing to do with this money.

How to identify an investment scam

Many people invest a lot of money for their future and that of their offspring. Unfortunately, some of them never reap the benefits because the investments were scams. Luckily, there are ways you can find out if an investment opportunity is too good to be true.

Financial conflict can lead to divorce – here’s how to prevent it

Talking about money is an intimate matter, and it may be uncomfortable for couples who’ve managed to avoid this discussion. However, it will become necessary at some point or other. Do you think you’re ready to talk to your partner about money?


Get 50% off your friend’s treatment at Mangwanani Spa

Price: from R250
When: Until 30 August
Where: KZN and JHB

Telkom LTE lockdown Deal

Price: R369 per month
When: Until 31 August 2020
Where: Nationwide

Save up to 20% on your car insurance with MiWay

Price: Available on request
When: Daily
Where: Nationwide

Latest Guide

Guide to debt rehabilitation solutions