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Current unaudited fuel data from the Central Energy Fund is pointing to an increase for all grades of fuel in November.
The Automobile Association said on Friday that the data was pointing to a 14c/l increase for petrol, all grades of diesel are expected to rise by 22c/l, while illuminating paraffin is slated to go up by 21c/l
“The movement in international product prices increased sharply mid-month but slowed towards the end of the month, cushioning what would otherwise be an even wider under-recovery.
“The average Rand to US Dollar exchange is also adding an impactful but smaller margin to the expected increases,” said spokesperson, Eleaonor Mavimbela.
She said based on these numbers, “a litre of 95ULP inland will climb from its current level of R21.05/l to R21.30/l, while the price of 93ULP inland will increase from R20.73/l to R20.87/l.”
Mavimbela noted that these prices were still cheaper than those experienced at the beginning of the year.
The AA was once more urging consumers to monitor their fuel usage carefully and to budget according to the new fuel prices which come into effect next Wednesday 6 November.
“Ensuring vehicles are well maintained and in good mechanical condition, carefully planning routes, and avoiding heavy traffic, if possible, are some ways in which motorists can ensure better fuel consumption,” she said.
