THE Automobile Association has predicted a large reduction in the price of petrol for December.
According to the unaudited mid-month fuel price data released by the Central Energy Fund (CEF), the price of petrol will drop by R1.54 per litre.
This comes after months of sustained pressure on Mzansi motorists.
“The main driver of lower prices has been an accelerating decline in international oil prices, which have trended downwards since the beginning of this month.
The picture has been helped along by a modest improvement in the Rand/US dollar exchange rate,” the AA said.
The current data predicts that diesel will drop by 92 cents and illuminating paraffin by 85 cents.
However, the Department of Energy recently re-introduced the use of the Slate Levy to manage price changes.
“We cannot rule out the possibility that this may impact the final figure. Fuel users should also bear in mind that recent oil production cuts by Saudi Arabia could result in oil supply restrictions as we move into 2019, pushing prices higher,” the association added.
