Petrol up, diesel down for December

SA – Fluctuation in the international prices of refined fuels have caused an unusual fuel price picture for December.

This is according to the Automobile Association (AA), which was commenting on the unaudited month-end fuel price data released by the Central Energy Fund.

The Rand/ US dollar exchange rate led to the unusual situation where diesel decreased by 15 cents a litre, and petrol increased by 22 cents a litre on Wednesday 4 December. Illuminating paraffin, which tends to shadow the diesel price, is down by 24 cents a litre.

The Association says the extended period of Rand stability has given the country a breather and noted that the basic fuel prices also remained fairly stable.

“In the absence of any unexpected political or economic shocks, we are cautiously optimistic about fuel price stability heading into 2020,” the AA concludes.