Fifth consecutive fuel price drop expected

Another fuel price drop is on the cards next week, with petrol expected to decrease by R1.13 per litre.

This is according to the Automobile Association (AA), commenting on unaudited data from the Central Energy Fund (CEF).

Diesel is expected to drop between R1.12 and R1.10 per litre, while illuminating paraffin will dip by around R1.08 per litre.

This would make it the fifth consecutive price decrease this year.

“The expected decreases are welcome and will provide additional relief to motorists. If these decreases are realised, the cumulative impact of this fifth decrease is substantial,” said the AA.

“Considering, for instance, ULP93 inland, the past four decreases amounted to around R3.36/l which brought about a saving of around R168 on a 50l petrol tank.

“If the expected decreases for October materialise, it will bring a saving of R220.50 for a 50l tank using ULP93 since May.”

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