South African motorists might experience a reduction in fuel costs this December, thanks to falling international oil prices and a stronger rand. According to the latest data from the Central Energy Fund (CEF), the price of 95-octane petrol could decrease by up to R2.23 per litre, while 93-octane petrol might see a reduction of around R1.94 per litre.
The potential for lower fuel prices is influenced by the current trading conditions, with Brent crude oil prices dropping to approximately $92 per barrel and the rand strengthening to about R16.50 against the US dollar. These factors are contributing to reduced fuel import costs for South Africa.
However, the final decision on price adjustments will also consider changes to government fuel levies. The temporary government relief on fuel levies, introduced in November, is expected to diminish in December, which might reduce the benefits for motorists. Diesel prices, in particular, could face upward pressure due to the cessation of the temporary levy reduction, despite the lower underlying fuel costs.
The official announcement of fuel price adjustments is anticipated towards the end of November, with the new prices set to take effect on December 2, 2026. Motorists are advised to stay informed about these developments as they could impact fuel expenses in the coming months.