South African motorists might experience a decrease in fuel costs in December, as indicated by the latest data from the Central Energy Fund (CEF). This potential relief is attributed to falling international oil prices and a stronger rand, which are contributing to lower fuel import costs.
According to the CEF, the price of 95-octane petrol could drop by as much as R2.23 per litre, while 93-octane petrol might see a reduction of about R1.94 per litre. However, these anticipated cuts are subject to change depending on future fluctuations in international oil prices, the rand-dollar exchange rate, and government fuel levies.
The current decline in Brent crude prices, now around $92 per barrel, coupled with the rand trading at approximately R16.50 against the US dollar, are key factors in the projected decrease in fuel costs. Despite these positive developments, the final price adjustments will be influenced by potential changes to the General Fuel Levy. The South African government had introduced temporary relief measures in November, which are expected to be scaled back in December, potentially diminishing the full impact of the predicted savings for motorists.
While petrol prices may see reductions, diesel prices could face upward pressure. This is due to the planned withdrawal of the temporary levy reduction for diesel, which could offset the benefits of lower underlying fuel costs.
The official announcement of the final fuel price adjustments is anticipated towards the end of November, with new prices set to take effect on December 2, 2026. Motorists are advised to stay informed about these developments as they await the confirmation of the expected price changes.