Home South Africa News Fuel price expected to drop in November

Fuel price expected to drop in November

Fuel price

Expect to pay less for petrol next month according to predictions from the Automobile Association of South Africa. The AA says 95 and 93 petrol is expected to drop by between R1.97 and R1.92 a litre.

Paraffin is likely to drop by 74 cents a litre and Diesel, by 78-cents a litre. Stable international oil prices are seen as the main driver behind the potential decreases in November. Fuel prices have been on the rise since August, with the petrol currently retailing at over R25 a litre.

The AA has cited more stable international oil prices and the dollar-rand exchange price as the reason for the predicted decrease. It said this will bring the much-needed relief to consumers who are currently faced with high fuel and food prices.

The association added that while this is good news, fuel prices may be affected by the conflict between Israel and Palestine that is likely to see fuel prices in the country increase yet again.

Source: eNCA

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