Relief! Sa Fuel Price Hiking Cycle May Be Coming To An End Soon

Are we facing an increase or decrease in March? Predicting South Africas fuel price outlook is tricky business at present, as fluctuating oil prices have seen states of over-recovery and under-recovery developing throughout the month.

As it stands mid-month, the latest data from the Central Energy Fund is pointing to increases of 13 cents for 95 Unleaded petrol and 25 cents for 93 Unleaded, while 500ppm diesel is looking set for a small price hike of seven cents and no price adjustment for 50ppm.

However, with international oil prices having receded in recent days, this outlook is likely to improve between now and the end of March and if current trends persist, South Africans could see a negligible increase or even a small decrease, particularly in the case of diesel.

There is a great deal of uncertainty in global markets at present as economic role players digest the implications of Donald Trumps tariffs and other international policies. These could prove both positive and negative for oil markets.

For instance crude oil prices reversed their recent gains on Thursday, driven by expectations that a potential peace deal between Ukraine and Russia could ease sanctions.