Although data earlier in the month had pointed towards a small petrol price decrease in December, this is now looking unlikely due to a weaker rand.
The latest daily snapshot from the Central Energy Fund shows an average over-recovery of one cent for 95 Unleaded and 12 cents for 93 Unleaded.
However, with the latest daily numbers indicating that an under-recovery is developing for both grades, South Africans could even be facing a small increase if that trend persists until month-end.
Diesel is looking certain for a price hike in December, with the two grades currently averaging around 43 cents in the red, but the daily data implies that number could still grow.
The good news for petrol, however, is that its price movements are almost certain to be minimal, and 95 Unleaded is still R1.26 cheaper than it was in January 2024 .
