As the holiday season approaches, there is optimistic news for South African drivers, with mid-month fuel price data suggesting substantial cuts in December 2023. The Central Energy Fund’s (CEF) unaudited mid-month data reveals the potential for significant relief, particularly for overburdened consumers.
According to the data, petrol prices could see reductions exceeding R1 per litre, while diesel prices may experience cuts of over R2 per litre. It is important to note that this information is provisional, and official adjustments will be communicated at the end of the month. Despite a generally weak performance of the Rand in November 2023, the primary factor behind the projected fuel price cuts is the decline in international oil prices.
With two weeks remaining in November, the data indicates promising figures for the upcoming month, offering a welcome respite to South African motorists during the festive period.
Fuel Price Forecast in South Africa for December 2023
Fuel Type | Nov ’23 Inland | Nov ’23 Coast | Dec ’23 Inland* | Dec ’23 Coast* |
Petrol Unleaded 93 | R23.44 | R22.72 | R22.44 | R21.72 |
Petrol Unleaded 95 | R23.90 | R23.18 | R22.90 | R22.18 |
Diesel 0.05% | R24.16 | R23.44 | R22.16 | R21.44 |
Diesel 0.005% | R24.40 | R23.69 | R22.40 | R21.69 |
*Note: December figures are forecast figures and not official.
