The price drops that came into effect on Wednesday were dampened by regulatory increases to allow for larger dealers’ margins and wage increases in the industry. These changes accounted for nearly 20c in the Petrol price and 6 cents in the diesel price. The reason for the difference\ is that diesel prices are regulated at a wholesale level while regulation effects petrol prices at a retail level.
Currently, as we are 25% of the way through this month’s pricing cycle, we can make some broad forecasts as to what January might bring for consumers. Our present forecast indicates an 80% likelihood of a price rise for both Petrol and Diesel, to the tune of about 15c/l, and a margin of error of about 17c/l.
See the PDF below for more details.
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