[ad_1]
As forecast by the Central Energy Fund, the price of gasoline is expected to rise substantially next month. Indeed, it promises to be a gloomy period for all road users in January, as diesel costs are also forecast to skyrocket.
How much will the price of gasoline increase in January 2021?
Gasoline prices are projected to rise 34 cents per liter within a few weeks. This would eliminate the last two months of recorded declines. Meanwhile, diesel consumers will be asked to shell out an additional 52 cents per liter at the pumps. The AA issued a statement on Tuesday, blaming the spike in world oil prices:
“Fuel prices are scheduled for sharp increases at the end of the month if current trends continue. It’s been a good month for the rand so far, with the local currency rallying around 15 cents against the US dollar, but the basic price of fuel has skyrocketed since the beginning of December, raising the spectrum of fairly substantial price increases. of fuel if it is not a setback before the end of the month. ”
Although the International Energy Agency (IEA) does not expect a significant impact before the second half of 2021, we would not be surprised if optimism about the vaccine has been behind the recent strength of oil. There could be more force in the cards if the vaccination plan shows large-scale efficacy. “
AA statement on gasoline price forecast for January 2021
GASOLINE EXPECTED PRICE FOR OCTOBER 2020
Taking these forecasts and early estimates into account, this is what you can expect to pay for fuel (price per liter) from the first week of January 2021 onwards. However, we must emphasize that these mid-month estimates may change by the time the Department of Energy sets next month’s costs in stone.
COASTAL
- Gasoline: R14.10
- Diesel: R12.37
INSIDE
- Gasoline: R14.80
- Diesel: R12.97
[FUEL PRICE OUTLOOK] Fuel prices are scheduled for sharp increases at the end of the month if current trends continue. https://t.co/XkMYb750ut#Fuel #Fuel pic.twitter.com/TMMfnADeUO
– AA South Africa (@AASouthAfrica) December 15, 2020
[ad_2]
