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Fuel station in South Africa
• Gasoline and diesel prices point to a slight decline in December.
• The price of luminous paraffin is likely to increase by 22 cents / liter.
• The rand performed admirably against the dollar to bring about some relief.
• For more motorsports stories, visit www.Wheels24.co.za
The fuel price changes for December will depend on the fuel you use. This is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel price data released by the Central Energy Fund. Gasoline is expected to fall by around 27 cents a liter, while the rise in the price of diesel has been contained at around 13c / liter. The biggest loser is illuminating paraffin, which is slated for a 22c / liter surge – bad news for those who use this fuel for cooking and lighting.
The AA says: “International prices for refined fuel products spiked just before the middle of the month, but then fell back. Gasoline recovered its losses to end in positive territory, while diesel moved further into negative territory.” .
The Association adds that the Rand has performed impressive against the US dollar during November, with the average exchange rate falling in the range of R15.70 in the last week of the month.
READ: 1100 km on a tank of diesel? Kia Seltos shows fuel pumps the proverbial middle finger
In addition to noting the firmness of the average exchange rate, the AA says that the daily Rand / USD exchange rate, which fell as low as R15.15 per dollar in the last week of November, is at its strongest level since February this year.
He concludes: “The fly in the ointment is that the international price of refined fuels has been trending up over the last ten days, so we hope it doesn’t spoil the party. It’s been a long time since a stronger Rand could come to the rescue. of South African fuel users, and if the current trend continues, the country appears poised to improve fuel price stability heading into 2021. “
Fuel station
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