Motorists expected to fork out less for fuel in November
There is some relief
around the corner for petrol and diesel users.
Petrol prices are
expected to plummet by a whopping R1.97 cents and R1.92 cents per litre in
November, depending on the grade.
Early indications are that diesel, which put a squeeze on motorists’ wallets, could drop by R0.78 cents a litre next month.
The cost of Illuminating paraffin is expected to fall by R0.74 cents.
The Automobile Association says the predictions are based on unaudited mid-month data from the Central Energy Fund.
ALSO READ: Fuel price hike shock in store for October
The AA says while international prices have remained stable, the ongoing conflict in Israel and Gaza could change the situation.
"The outlook for November will offer some much-needed relief to consumers, especially with the decrease of diesel, which is a big input cost in major sectors such as agriculture, mining, and manufacturing, and an increase here often contributes to increased prices of basic commodities.
"There are still two weeks before the official adjustment for November, which could still be negatively affected by the upward trajectory of oil prices due to the ongoing conflict in Israel."
