September fuel increases…
Weakness in the Rand drove fuel prices higher in September. This is according to the unaudited month-end fuel price data released by the Central Energy Fund, in a press release by the Automobile Association (AA) on 28 August.
According to the figures, 95 octane will rise by ten cents a litre, and diesel by 25 cents. Illuminating paraffin is also expected to climb by 21 cents. The only positive out of the latest figures is 93 octane which is showing a decrease of three cents a litre.
The average landed price of fuel dropped across the board during August. If the Rand/US dollar exchange rate had remained flat, we could have expected a drop of up to 30 cents a litre for diesel and nearly 52 cents for petrol. Unfortunately, the continuing weakness of the Rand means that prices will increase instead.
AA press release 28 August 2019