There’s positive news for consumers as the price of fuel is expected to drop next month, based on unaudited month-end fuel price data that the Central Energy Fund has released.
Experts speaking at the fuel retail association conference at Nasrec, south of Johannesburg, say the petroleum industry continues to face a number of domestic and global challenges.
The Automobile Association (AA) is predicting good news for motorists next month.
Petrol is expected to increase by around eight cents a litre, while diesel is set to drop by three cents and illuminating paraffin by nine cents.
South Africans will know by the end of January next year, the outcome of government’s investigation into possible capping of the petrol price.
The fuel price adjustments for this month will come into effect from midnight.
The Automobile Association says motorists can expect a mixed bag of fuel prices this month with petrol due to be hiked and diesel prices to decrease on Wednesday.
The retail price of petrol will increase by eleven cents per litre from Wednesday. The Central Energy Fund says the weaker rand contributed to the price hike.