Mid-month data from the Central Energy Fund CEF shows good news for motorists in South Africa, with both petrol and diesel on track for a cut in September.
This comes as the global oil price falls and the rand trades slightly stronger against the US dollar, although the latter is still keeping recoveries under pressure.
Thanks to these dynamics, petrol prices show an over-recovery of between 8 and 15 cents per litre, and diesel prices show an over-recovery of between 33 and 35 cents per litre.
These are the projections at mid-month:
- Petrol 93: decrease of 15 cents per litre
- Petrol 95: decrease of 8 cents per litre
- Diesel 0.05 wholesale: decrease of 33 cents per litre
- Diesel 0.005 wholesale: decrease of 35 cents per litre
Illuminating paraffin: decrease of 26 cents per litre
The CEF does not present daily snapshot data for LP Gas, so it is not currently possible to give the expected price for August.
