August fuel price outlook: Petrol price decrease likely, but significant diesel hike on the cards
The August fuel price outlook is a mixed bag, with good news in store for petrol and bad news for those with diesel-powered vehicles.
Unaudited data from the Central Energy Fund (CEF) is currently pointing to petrol price decreases of 24 cents for 95 Unleaded and 28 cents for 93 Unleaded. Diesel, however, looks set to go up by between 65 cents (50ppm) and 66 cents (500ppm).
These numbers can be a moving target and if the current daily price trends persist until month end, the petrol increase could exceed 30 cents, while the diesel increase could swell to over 70 cents.
In that case, you can expect to pay around R20.78 for a litre of 95 Unleaded at the coast and R21.57 in Gauteng, where 93 Unleaded will cost around R21.49.
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