Share

‘Massive’ fuel price drop on the cards for December - AA

The Automobile Association announced on Thursday that, based on current data, SA motorists could expect ‘massive drops’ in the prices of petrol and diesel for December. 

The association is predicting a drop of R1.54 per litre for petrol, with diesel dropping by 92 cents and illuminating paraffin by 85 cents.

The current coastal price for unleaded 95 octane petrol per litre is R16.49. If it were to fall by R1.54 per litre, it would cost R14.95. The cost for the same grade of petrol inland would be R15.54 per litre.  

"After months of sustained pressure on the fuel price, fuel users will receive a substantial breather at the end of November going into December if the current fuel price trends continue," said the AA in a statement.  

"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 Association says. 

"The picture has been helped along by a modest improvement in the rand / US dollar exchange rate."

The association said the prognosis could however change before month's end.

"While the current fuel price picture is the rosiest it has been for several months, caution should remain the watchword," it said. 

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.92
+0.1%
Rand - Pound
23.88
+0.1%
Rand - Euro
20.39
+0.2%
Rand - Aus dollar
12.32
+0.1%
Rand - Yen
0.13
+0.0%
Platinum
908.05
+1.2%
Palladium
1,014.94
+1.3%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders