Petrol price up and down in October
The price of 93 Octane petrol will be increasing by 2c from 1 October 2014 – but there is some good news, too.
For drivers who use 95 Octane fuel, the price will be decreasing by 5 cents, the department of energy announced, while both grades of Diesel will see a drop of 13 cents.
Illuminating paraffin will drop 14 cents, the department said.
According tot he Central Energy Fund, the main factors contributing to the decrease in most fuel categories is due to international prices decreasing over the review period.
However, the Rand/US Dollar exchange has also weakened significantly in recent weeks, which increased the contribution to the basic fuels price – explaining the slight increase in 93 octane fuel.
The average Rand/US Dollar exchange rate for the period – 29 August 2014 to 25 September 2014 – was R10.91 compared to R10.68 during the previous period, the CEF said.
More on the petrol price
Big petrol price drop may be coming
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