Cape Town — Early fuel projections for January 2025 point to slight reductions across all fuel grades, including petrol, diesel and illuminating paraffin.
As of 17 December, 95 unleaded petrol, diesel 0.05%, diesel 0.005% and illuminating paraffin will see minimal decreases, while 93 unleaded petrol is expected to increase slightly, EWN reported.
According to BusinessTech, fuel recoveries remain largely balanced, swinging in between an under-recovery and over-recovery as the rand/dollar exchange and global oil market fluctuate.
The rand is currently trading at R18 /$ while oil prices currently stand at under $75 a barrel.
The Department of Petroleum and Mineral Resources noted that its daily snapshots are not predictive and do not encompass other modifications, including slate levy adjustments and retail margin changes.
These are the current projections:
- Petrol 93: increase of 7 cents per litre
- Petrol 95: decrease of 1 cent per litre
- Diesel 0.05% (wholesale): decrease of 5 cents per litre
- Diesel 0.005% (wholesale): decrease of 3 cents per litre
- Illuminating paraffin: decrease of 15 cents per litre
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Compiled by Matthew Petersen
