In December, South African motorists might experience a decrease in fuel prices as international oil prices drop and the rand strengthens, according to recent data from the Central Energy Fund (CEF). The projections suggest that 95-octane petrol could see a reduction of up to R2.23 per litre, while 93-octane petrol might decrease by approximately R1.94 per litre.
These potential price cuts are influenced by the current international landscape, where Brent crude prices have fallen to around $92 per barrel, and the rand is trading at roughly R16.50 against the US dollar. These factors contribute to lowering South Africa’s fuel import costs. However, the final adjustments in petrol prices will also depend on the rand-dollar exchange rate and government fuel levies.
Despite the positive outlook on petrol prices, the anticipated savings could be partially offset by changes in the General Fuel Levy. The temporary relief provided by the government in November is set to be reduced in December, which could affect the overall benefits for consumers.
Additionally, diesel prices might face upward pressure due to the withdrawal of the temporary levy reduction, despite the decrease in underlying fuel costs. This indicates that while petrol users may see some relief, diesel users might not benefit as significantly.
The definitive fuel price adjustments are expected to be announced towards the end of November, with the new prices scheduled to take effect on December 2, 2026. Motorists are advised to stay informed about these developments as the situation continues to evolve.