Consumers should brace themselves for more expensive fuel in November, as mid-month data from the Central Energy Fund is showing that price increases to all fuels are likely next month.
The Automobile Association (AA) says the current data shows petrol is expected to increase between 41 and 51 cents a litre, but the real concern is the likely increase to the price of Diesel by around R1.60 per litre.
It says the main contributor is higher international oil prices, and to a lesser extent, the weaker Rand.
The AA says because diesel is a major input cost in many sectors, the expected increase will ultimately hurt consumers as manufacturers pass their higher costs down the line.
