Fuel prices headed for cut in the new year | Business

Fuel prices could be slashed by as much as R2.80 in the new year, bringing welcome reprieve to cash-strapped motorists, the latest information from the Central Energy Fund shows.

The fund's data shows that 95 unleaded petrol could be cut by R1.94 in January, with 93 petrol due for a R1.95 decrease.The fuel prices are usually adjusted on the first Wednesday of a month and determined by the price of oil and the rand-dollar exchange rate. A deep dive into the big business story of the week, as well as expert analysis of markets and trends.

A strengthening in rand, which improved from R17.38 a week ago to R17.30 on Tuesday, will help fuel prices. In Gauteng, 95 petrol costs R23.46 a litre, compared to R20.29 a year ago - but down from a peak of R26.74 a litre in July.We live in a world where facts and fiction get blurred In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

_RebaS _Business Im afraid of the increase after that 🌚🥴

_Business Thank you CyrilRamaphosa 🙏

_Business 💕🙌

_Business slashed and R1.95,🤔those don't go together. joke of a price drop like black Friday specials

_Business Petrol price went from R12 to R24 within 4 years, but we had the so called 9 wasted years where petrol only moved from 10-12 yeses

_Business Hopefully food prices will follow…

_Business We still want Ramaposa out regardles of the petrol

_Business Only for one month happiness after back to R25 per litre

_Business Xmas present

_Business Good news... Yebo yes!!!

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