Festive trips in 2022 will cost more than a year ago when a litre of petrol was R20.07 in inland regions.
This after the Department of Energy and Mineral Resources announced on Tuesday that motorists should expect to pay more for petrol from Wednesday. However, those who depend on diesel can breathe a huge sigh of relief.
The prices of 93 and 95 octane petrol will rise by 30 and 41 cents per litre, respectively, from midnight on Tuesday. Diesel will, however, drop by R1.48 per litre.
Sunday world reported at the weekend that the Road Freight Association (RFA) expected huge fuel price decreases in December, saying the news would be a welcome relief, especially for stretched consumers and for the growth of the economy going into the holiday and tourism season.
Recent data indicated estimated decreases in the fuel price this week as follows: R2.35 a litre for ULP95, R2.18 a litre of ULP93, 77c for 50ppm and 87c for 500ppm. Illuminating paraffin was forecast to drop by an estimated 87c a litre.
The RFA noted that any decrease in the cost of fuel – in particular larger decreases – would have a tremendous positive effect on transport costs and supply chains.
While the price of fuel has dropped in the previous months, the effects into the logistics chain should be felt in the coming quarter and will certainly make life slightly easier for consumers towards the end of the year.
It should also be a boost for the local tourism industry to boot.
The association further called on government to speed up programmes to make South Africa less reliant on fuel imports by improving or expanding Sasol and similar manufacturing processes, as well as ramping up the introduction of suitable and sustainable electric vehicle programmes.
Expect pressure at the pumps when fuel prices rise in December
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