Prediction: Fuel price will remain unchanged

Prediction: Fuel price will remain unchanged

Any adjustments to the fuel price are due to be announced later today. 

fuel

Consumers will be eager to find out whether they can put away a few extra Rands every time they fill-up at the pumps in the build up to December. 


An economist is predicting the price of petrol to remain the same or increase by only a few cents, depending on the grade. 


Francois Stofberg feels 93-octane petrol might remain unchanged, while 95-octane could increase by around 4-cents a litre. 


He is predicting the price of diesel to jump by about 46-cents.


"Largely, the unchanged nature of some of the petrol at least is due to relative weakening in the rand. 


"So, although the rand did depreciate quite a lot, we saw the international price of brent crude oil staying stable and for that reason the petrol prices on 93 unleaded staying more or less constant," he said.


(File photo)

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