#PetrolPrice: Prospect of ‘some relief’ for petrol users this November – AA

JOBURG – "2018 has been one of the most tumultuous years in history for South African fuel users, and the economy is still fragile and easily spooked," read the Automobile Association of South Africa's statement.

Staff reporter

November 2, 2018

Motorists can expect a decrease in the petrol price this month with a forecast drop of a 16 cents per litre. This is according to the Automobile Association of South Africa (AA).

For diesel and illuminating paraffin, however, community members will continue to feel a pinch and more as prices are likely to increase, according to the unaudited month-end fuel price data released by the Central Energy Fund.

The exchange rate started the month badly but has since leveled out.

The Rand’s modest gains against the US dollar have helped cushion the impact of rises in the landed price of fuel in the case of diesel and illuminating paraffin.

Both diesel and illuminating paraffin experienced substantial jumps in their landed prices, whereas the landed price of petrol remained almost unchanged last month.

“We do need to note that international petroleum prices have shown modest declines in the past month, which could be seen as ‘a cause for optimism’. If the Rand maintains its current trajectory of relative stability, this could augur well for the fuel prices as the Christmas season approaches. However, we caution against premature celebration,” the AA’s statement read.

“2018 has been one of the most tumultuous years in history for South African fuel users, and the economy is still fragile and easily spooked.”