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AA said motorists could expect a "mbadive reduction in the price of gasoline" in December.
The decline could, however, be tempered by adjustments to the retail and wholesale margin and "the possible continuation of the use of the Slate tax," he added.
Motorists can expect the following price adjustments:
- The price of gasoline down R1.85 per liter.
- The price of diesel down R1.40 per liter.
- Illuminating paraffin falling from R1.28.
"With these expected declines, fuel prices will return to levels last seen around the middle of 2018," said AA.
"These mbadive declines result from a combination of substantial declines in international oil prices and a slightly firmer rand, which has strengthened sharply against the US dollar since its most recent peak hit early. September near the R50,50 of the greenback. "
He also warned that the slate tax could however affect prices.
"The slate tax is used to recover losses from under-recovery of fuel prices when accumulated gasoline and diesel balances represent more than 250 million rand. At the end of September, the negative balance amounted to R2.2 billion, apparently offset by the imposition in November of a levy of 21.92 cents on Slate Levy. "
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