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The prices of fuel could be slashed by as much as R2.80 cents in the New Year, bringing a welcome reprieve to cash-strapped consumers, according to the latest information from the Central Energy Fund.

The fund’s data shows that 95 unleaded petrol could be cut by R1.94 cents in January, with 93 petrol due for an R1.95 cents decrease, while diesel prices could enjoy steeper cuts of as much as R2.78 cents per litre.

Oil prices have been volatile, slumping in recent weeks in response to global fears of an economic slowdown but climbed again in the past few days over-optimism stoked byIn the longer term, it is thought that structural underinvestment in the new oil supply could lead to higher prices. Fuel prices will rise as the local currency strengthens, which it has done slightly since last week.

 

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it's about time 🤞🏿, ho neng🥵

How many times did it rise and by how much during 2022?

Conference gone and we are rewarded. We deserved this decrease long time ago

I'm really grateful for all the efforts you have render to me with my little investment of R5000 and with joy over me after withdrawing R60,000 with your help Lisa_berry13 thank you for everything you have done for me and my family Lisa_berry13

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Fuel prices expected to drop in the New Year: Energy Fund - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The prices of fuel could be slashed by as much as R2.80 cents in the New Year, bringing a welcome reprieve to cash-strapped consumers, according to the latest information from the Central Energy Fund. I'm really grateful for all the efforts you have render to me with my little investment of R5000 and with joy over me after withdrawing R60,000 with your help Lisa_berry13 thank you for everything you have done for me and my family Lisa_berry13 Conference gone and we are rewarded. We deserved this decrease long time ago How many times did it rise and by how much during 2022?
Source: SABCNews - 🏆 37. / 51 Read more »