After a small cut to fuel prices in November, rising global oil prices are catching up, putting local recoveries on the back foot at the start of the month.
While petrol price recoveries are still positive – showing a small over-recovery after the first week of the month – diesel recoveries have completely flipped, showing a significant under-recovery.
According to data from the Central Energy Fund (CEF) for the first week of the month, petrol prices are showing a small over-recovery of between 3 and 8 cents per litre.
Diesel,…
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Fun South African Fact: While the country only covers 1% of the Earth’s land surface, South Africa boasts 10% of the world’s bird, fish and plant species as well as 6% of its mammal and reptile species!