Fuel price increases on the cards
Consumers should brace themselves for more expensive fuel in November, says AA
THE price of petrol is expected to increase by between 41 and 51 cents per litre next month, while diesel could hike by R1.60/l.
This is according to the Automobile Association (AA) on mid-month data from the Central Energy Fund (CEF).
AA spokesperson Layton Beard says the increase to the price of diesel will have a significant impact on ordinary citizens.
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“Because diesel is a major input cost in many sectors, an increase to the price of this fuel will ultimately hurt consumers as manufacturers pass the increases down the line,” he said.
Beard said the main contributor to the increases is international oil prices.
“While these figures may change, we don’t expect a reversal; prices are still likely to go up in November.
“For now, it’s just the quantum of those increases that is at question.”
Earlier this month, the price of petrol decreased by 89 cents a litre for 93 unleaded petrol (ULP), while the price of 95 ULP came down by R1.02 per litre.
Diesel (0.05% sulphur) rose by 10 cents per litre, while diesel (0.005% sulphur) went up by 15 cents per litre.
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