South African motorists might experience some financial relief at the pump in December, as the latest data from the Central Energy Fund (CEF) suggests a potential decrease in petrol prices. The international drop in oil prices and a stronger rand are contributing factors to this expected reduction.
According to the CEF, the price of 95-octane petrol could decrease by up to R2.23 per litre, and 93-octane petrol might see a reduction of about R1.94 per litre. However, these potential savings are contingent on the continued trend in international oil prices, the rand-dollar exchange rate, and any changes in government fuel levies.
Currently, Brent crude prices have decreased to around $92 per barrel, and the rand is trading at approximately R16.50 against the US dollar. These shifts are aiding in lowering South Africa’s fuel import costs. Despite the positive outlook for petrol prices, the overall benefits for consumers could be somewhat diminished by adjustments to the General Fuel Levy. Temporary government relief measures that were put in place in November are expected to be scaled back in December.
Additionally, while underlying fuel costs for diesel are decreasing, the withdrawal of the temporary levy reduction could apply upward pressure on diesel prices. This means that diesel users might not see the same level of savings as petrol users.
The final adjustments to fuel prices are anticipated to be announced towards the end of November, with the new prices taking effect on December 2, 2026. Motorists are advised to stay informed about these developments as they could impact their fuel budgets in the upcoming months.