{"id":843165,"date":"2025-11-14T10:08:26","date_gmt":"2025-11-14T08:08:26","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=843165"},"modified":"2025-11-14T10:08:31","modified_gmt":"2025-11-14T08:08:31","slug":"here-is-the-expected-petrol-price-for-december-8","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/energy\/843165\/here-is-the-expected-petrol-price-for-december-8\/","title":{"rendered":"Here is the expected petrol price for December"},"content":{"rendered":"\n<p>Despite a strong flex from the rand versus the US dollar following a positive budget review this week, motorists in South Africa are in for some pain at the pumps in December.<\/p>\n\n\n\n<p>Mid-month data from the Central Energy Fund (CEF) shows that petrol and diesel prices in the country are showing negative recoveries, pointing to hikes on the way.<\/p>\n\n\n\n<p>This is mainly being driven by higher global oil prices, which are trending upwards relative to October, thanks to US sanction pressure on Russian oil.<\/p>\n\n\n\n<p>While the stronger rand is undercutting this, it needs to be sustained over a longer period to have a greater impact\u2014and the rally is already showing signs of retreating.<\/p>\n\n\n\n<p>As a result, motorists are currently lined up for a hike of 14-19 cents per litre for petrol in December, with diesel bearing the brunt of the imbalance, looking at a hike of 68 to 82 cents per litre.<\/p>\n\n\n\n<p>These are the projected levels at mid-month:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Petrol 93:<\/strong> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">increase<\/mark> of 14 cents per litre<\/li>\n\n\n\n<li><strong>Petrol 95:<\/strong> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">increase<\/mark><\/mark> of 19 cents per litre<\/li>\n\n\n\n<li><strong>Diesel 0.05% (wholesale):<\/strong>\u00a0<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">increase<\/mark><\/mark> of 68 cents per litre<\/li>\n\n\n\n<li><strong>Diesel 0.005% (wholesale):<\/strong>\u00a0<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">increase<\/mark><\/mark> of 82 cents per litre<\/li>\n\n\n\n<li><strong>Illuminating paraffin:\u00a0<\/strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">increase<\/mark><\/mark> of 73 cents per litre<\/li>\n<\/ul>\n\n\n\n<p>The CEF does not present daily snapshot data for LP Gas, so it is not currently possible to give the expected price for December.<\/p>\n\n\n\n<p>The daily snapshots from the CEF are also not entirely predictive of the final fuel price adjustments, and the numbers may change by the end of the month.<\/p>\n\n\n\n<p>The Department of Petroleum and Mineral Resources only announces the final price a few days before the implementation date.<\/p>\n\n\n\n<p>However, the data does give a strong indication of where prices are headed and reflects the current market trends for the first half of the month.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Rand strengthens<\/h2>\n\n\n\n<p>Following an optimistic and credible medium-term budget review this week, the rand hit three-year highs against the dollar, even pushing past the R17\/$ resistance level briefly in trade.<\/p>\n\n\n\n<p>While the currency has pulled back to around R17.10 to the dollar on Friday, it is still trading at resilient levels, especially when compared to the previous month.<\/p>\n\n\n\n<p>However, as the rand is still trading in a tight range, it would have to maintain its current levels over a longer period to balance out the recoveries in fuel prices.<\/p>\n\n\n\n<p>With the average starting to pull slightly lower relative to October, the rand\/dollar exchange is contributing to a small over-recovery in fuel pricing of around 1 cent per litre.<\/p>\n\n\n\n<p>If the stronger trade is maintained for the rest of the month, this will likely increase the over-recovery, helping to undercut the negative recoveries due to rising oil prices.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Exchange-Rate-mid-November-2025.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"334\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Exchange-Rate-mid-November-2025-1024x334.jpg\" alt=\"\" class=\"wp-image-843190\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Exchange-Rate-mid-November-2025-1024x334.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Exchange-Rate-mid-November-2025-300x98.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Exchange-Rate-mid-November-2025-768x251.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Exchange-Rate-mid-November-2025-1536x501.jpg 1536w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/Exchange-Rate-mid-November-2025.jpg 1750w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Oil prices rise<\/h2>\n\n\n\n<p>Oil prices are trading higher on average relative to October, leading to a marked under-recovery in local fuel pricing.<\/p>\n\n\n\n<p>For diesel, where seasonal usage in the northern hemisphere and different supply levels tilt the scales, the under-recovery is more pronounced at between 69 and 84 cents per litre.<\/p>\n\n\n\n<p>At $64 a barrel, oil prices are much higher than the sub-$60 a barrel level seen in the first half of October, mainly driven upwards by supply concerns from US pressure on Russia.<\/p>\n\n\n\n<p>The Trump administration in the US has moved to raise the pressure on Russia to end the war in Ukraine, including sanctions on Russian oil. <\/p>\n\n\n\n<p>With days to go until sanctions fully kick in, markets have turned slightly bearish on supply, with other indications also pointing to resilient consumption.<\/p>\n\n\n\n<p>That said, the prevailing market view is still for a glut or oversupply of oil in the market going into 2026, with oil producers (OPEC) increasing production.<\/p>\n\n\n\n<p>Analysts have noted that there appears to be more oil coming in than can be consumed by current demand, but the sanctions on Russia do pose a significant threat to supply, which is reflected in current pricing.<\/p>\n\n\n\n<p>For South Africa, which imports oil and petroleum products, that means lower recoveries and higher prices at the pumps.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/International-Product-prices-mid-November-2025.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"364\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/International-Product-prices-mid-November-2025-1024x364.jpg\" alt=\"\" class=\"wp-image-843189\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/International-Product-prices-mid-November-2025-1024x364.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/International-Product-prices-mid-November-2025-300x107.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/International-Product-prices-mid-November-2025-768x273.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/International-Product-prices-mid-November-2025-1536x546.jpg 1536w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/International-Product-prices-mid-November-2025.jpg 1748w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>This is how the price changes are expected to reflect at the pumps (Diesel prices reflect wholesale, pump prices will differ):<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-responsive\"><table class=\"table\" class=\"has-fixed-layout\"><tbody><tr><td><strong>Inland<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>November Official<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>December Expected<\/strong><\/td><\/tr><tr><td>93 Petrol<\/td><td class=\"has-text-align-center\" data-align=\"center\">R20.97<\/td><td class=\"has-text-align-center\" data-align=\"center\">R21.11<\/td><\/tr><tr><td>95 Petrol<\/td><td class=\"has-text-align-center\" data-align=\"center\">R21.12<\/td><td class=\"has-text-align-center\" data-align=\"center\">R21.31<\/td><\/tr><tr><td>Diesel 0.05% (wholesale)<\/td><td class=\"has-text-align-center\" data-align=\"center\">R19.13<\/td><td class=\"has-text-align-center\" data-align=\"center\">R19.81<\/td><\/tr><tr><td>Diesel 0.005% (wholesale)<\/td><td class=\"has-text-align-center\" data-align=\"center\">R19.20<\/td><td class=\"has-text-align-center\" data-align=\"center\">R20.02<\/td><\/tr><tr><td>Illuminating Paraffin<\/td><td class=\"has-text-align-center\" data-align=\"center\">R12.98<\/td><td class=\"has-text-align-center\" data-align=\"center\">R13.71<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-responsive\"><table class=\"table\" class=\"has-fixed-layout\"><tbody><tr><td><strong>Coastal<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>November Official<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>December Expected<\/strong><\/td><\/tr><tr><td>93 Petrol<\/td><td class=\"has-text-align-center\" data-align=\"center\">R20.18<\/td><td class=\"has-text-align-center\" data-align=\"center\">R20.32<\/td><\/tr><tr><td>95 Petrol<\/td><td class=\"has-text-align-center\" data-align=\"center\">R20.29<\/td><td class=\"has-text-align-center\" data-align=\"center\">R20.48<\/td><\/tr><tr><td>Diesel 0.05% (wholesale)<\/td><td class=\"has-text-align-center\" data-align=\"center\">R18.30<\/td><td class=\"has-text-align-center\" data-align=\"center\">R18.98<\/td><\/tr><tr><td>Diesel 0.005% (wholesale)<\/td><td class=\"has-text-align-center\" data-align=\"center\">R18.44<\/td><td class=\"has-text-align-center\" data-align=\"center\">R19.26<\/td><\/tr><tr><td>Illuminating Paraffin<\/td><td class=\"has-text-align-center\" data-align=\"center\">R11.97<\/td><td class=\"has-text-align-center\" data-align=\"center\">R12.70<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Despite a strong flex from the rand versus the US dollar following a positive budget review this week, motorists in South Africa are in for some pain at the pumps in December.<\/p>\n","protected":false},"author":10,"featured_media":821002,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[8995,19909,2171],"class_list":["post-843165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-cef","tag-diesel-price","tag-petrol-price"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/843165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=843165"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/843165\/revisions"}],"predecessor-version":[{"id":843203,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/843165\/revisions\/843203"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/821002"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=843165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=843165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=843165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}