January Petrol Price Forecast What To Expect At The Pumps
Data from the Central Energy Fund CEF suggests a positive outlook for fuel prices in the new year, with recent trends showing a balanced shift between under-recovery and over-recovery as the rand/dollar exchange rate and global oil markets continue to fluctuate, reports BusinessTech .
A stable rand below R18.00/ and oil prices under 75 a barrel have kept fuel prices steady, with over-recovery for petrol 95, diesel and paraffin. Only petrol 93 is set for an increase.
Below are the latest projections from the Central Energy Fund CEF , effective Thursday, 12 December.
These are the current projections
Petrol 93 increase of 7 cents per litre
Petrol 95 decrease of 1 cent per litre
Diesel 0.05 wholesale decrease of 5 cents per litre
Diesel 0.005 wholesale decrease of 3 cents per litre
Illuminating paraffin decrease of 15 cents per litre
Domestic fuel prices in South Africa are mainly influenced by the rand/dollar exchange rate and oil prices, with adjustments made on the first Wednesday of each month.