Fuel price drop expected in November

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

“The average exchange rate has spiked to around R11.20 to the US dollar and remains stubbornly high, but the good news is that the landed fuel price has dropped by around 10 per cent since the last fuel price adjustment,” says the AA.

“As things stand, motorists will be paying less at the pumps in November and the picture will improve if the exchange rate comes off its current highs.”

Based on the mid-month data, the petrol price is heading for a month-end decrease of 10 to 15 cents per litre, while the picture for diesel is rosier: an estimated 32 cents per litre decline.

Data for illuminating paraffin is also showing a substantial drop of around 27 cents per litre.

“The consensus from oil-producing nations seems to be that the world will enjoy lower petroleum prices in the near term, but the benefits felt by South Africans will very much depend on our exchange rate,” the AA concludes.

find your
dream home

looking for an

List your Property

It's easy in only three
simple steps...

find professional
services in
your area

Locate a business
operating in
your area

List your Business

Want more customers? They're online right now, searching for businesses like yours. Place your ad now...

Latest News


Kempton ExpressTembisangermistoncitynewsjoburgeastexpressgetit Autodealer.co.za
Next Story x
INTERNATIONAL NEWS: Linkin Park’s Chester Bennington dies at age 41

Thanx for your referral. We have no doubt your friends will love our newsletter as much as you!

Don't forget to verify your email.

to our free NEWSLETTER
SUBSCRIBE to our FREE newsletter.

SELECT your titles:

Bedfordview Edenvale News
Kempton Express

Your details:

Your friends:

I didn't sign up for this
I'd like to see and read more... (Please indicate in comments section below)
I'm relocating (Please indicate where to)