Brent Crude oil prices remained relatively stable through November, reaching a high of $65 per barrel on November 11 before softening into the $62-63 range in the latter part of the month. Brent Crude averaged $64.14 during the previous review period.
But why is diesel increasing at a faster rate? Diesel prices usually face upward pressure in the latter part of the year due to the colder weather in the northern hemisphere. This drives up demand for heating oil, which is derived from the same crude oil components as diesel.
December's increases follow price cuts of 51 cents for petrol and 21 cents for diesel in November.
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South African fuel prices have remained relatively stable throughout 2025. For instance, December's projected petrol price of R20.54 for 95 Unleaded is still 26 cents cheaper than it was in January 2025. However, 50ppm will be around 55 cents more expensive.