Motorists can expect a modest increase in petrol prices next month as the rand continues to struggle against the US dollar.<\/p>\n
Softer international petrol prices have been offset by a declining rand since the start of October, while diesel and illuminating paraffin prices were slightly up, leaving them with no protection against rand weakness, said the Automobile Association (AA).<\/p>\n
Commenting on unaudited mid-month fuel price data released by the Central Energy Fund, the AA said: “The landed price of petrol has dropped by almost 20 cents a litre since the start of October.”<\/p>\n
“Unfortunately, rand weakness against the US dollar saw an impact of 22 cents a litre, neutralising the fuel price gains and giving a petrol price increase of two cents a litre<\/strong> based on the current data.”<\/p>\n The association said diesel had taken an even bigger blow, as the international price of diesel had risen by up to six cents a litre.<\/p>\n “Including the effects of rand weakness, diesel is showing a potential price rise at the end of October of around 28 cents a litre<\/strong>, with illuminating paraffin set to rise 20 cents,” the AA said.<\/p>\n “The latest data continues to show how vulnerable South African fuel users are to political and economic sentiment which negatively affects the rand,” the association added.<\/p>\n “We are not ruling out a further deterioration in the fuel price picture ahead of month end,” it said.<\/p>\n Here\u2019s are the current expected prices for November:<\/p>\n\n\n
\n Fuel<\/th>\n October official<\/th>\n November expected<\/th>\n<\/tr>\n \n 93 Petrol<\/td>\n R13.74<\/td>\n R13.76<\/td>\n<\/tr>\n \n 95 Petrol<\/td>\n R14.01<\/td>\n R14.03<\/td>\n<\/tr>\n \n 0.05% Diesel (wholesale)<\/td>\n R12.13<\/td>\n R12.41<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
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