Mixed fuel price picture

SA – Fuel prices are showing a mixed picture for November, with some prices predicted to climb and others falling.

This is according to the Automobile Association (AA), which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund.

Diesel is forecast to climb by 2c while illuminating paraffin looks set for a 2c decrease, 93 octane petrol is showing a 5c drop, while 95 octane petrol is set to rise by 10c.

“The Rand, which lost considerable ground against the US dollar in the second half of September, has stabilised around the R15.20 mark and has generally offset slight rises in international oil prices.

In its turn, oil has retreated from the price spike arising from last month’s Saudi oil refinery attacks, painting a more stable picture for the motorist,” says the AA.

AA press release extracts, 15 October 2019