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Fuel price latest: Gasoline and diesel looking good for December

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indications are that there is one petrol Price increase in early December, but news about it and Diesel The front improves with each passing day.

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While it is still too early to accurately predict what will happen to petrol and diesel prices in December, the most recent data from the Central Energy Fund – such as November 23 Shows opposing symptoms.

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Fluctuating international product prices and the weakness of the rand show the following underreturns (price increases) for gasoline and overreturns (price reductions) for diesel:

fuel price change
gasoline 93 an increase of 52 cents per litre
Gasoline 95 an increase of 63 cents per litre
Diesel 0.05% a discount of 112 cents per litre
Diesel 0.005% a discount of 105 cents per litre
lit paraffin (bulk) 15 paise per liter discount

If this market condition continues for the remainder of November, then a Grow is scheduled for December petrol users between 52 and 63 cents, while Diesel Motorists can expect 105 to 112 cents per litre Shortage,

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The fuel price in Mzansi is influenced by two main factors:

1. International price of petroleum products, mainly driven by oil prices

2. The rand/dollar exchange rate used to purchase these products

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exchange rate

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The rand/dollar exchange rate is at the time of publication €16.94/$,

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price of oil

The global oil price has remained below $100 a barrel in recent months, but climbed above lows of around $83 a barrel in early October.

Brent crude oil price at time of publication $85.10 a ton.

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Final global price changes for both petrol and diesel will be confirmed in the coming weeks, with the new prices taking effect at midnight Tuesday Dec 6,

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Until then, easy on the accelerator, Mzansi.

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Current prices at pumps (domestic and coastal):

inland October November
93 gasoline € 22.06 €22.57
95 Gasoline r 22.36 22.87 €
0.05% diesel (bulk) r 24.06 €25.49
0.005% diesel (bulk) €24.31 25.75 €
lit paraffin 16.99 € 17.76 €
LPG (p/kg) R34.07 R33.09
coastal October November
93 gasoline €21.41 21.92 €
95 Gasoline €21.71 €22.22
0.05% diesel (bulk) €23.41 24.84 €
0.005% diesel (bulk) €23.67 R25.11
lit paraffin 16.20 € 16.97 €
LPG (p/kg) 31.66 € €30.68

Source: www.thesouthafrican.com

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