South Africans can look forward to significant fuel price relief in September, with both petrol and diesel price decreases on the table, but the downward trend could come to an end in October if oil prices continue to tick upwards.
Unaudited data from the Central Energy Fund (CEF), released on August 27, shows that petrol price decreases of between 83 cents (93 Unleaded) and 90 Cents (95 Unleaded) are likely for September.
Diesel is looking set for decreases of between 72 cents (500ppm) and 98 cents (50ppm).
Although the outlook could shift in the coming week, and the Slate Levy may have a bearing, its unlikely that the above mentioned numbers will change significantly at this late stage of the month, despite international oil prices being on an upward march this week.
South Africans will know for certain when the Department of Energy announces the official fuel price adjustments for September early next week, which will come into effect on Wednesday, July 4.
