Fuel prices likely to increase again in November

GAUTENG – Consumers should brace themselves for more expensive fuel in November, as mid-month data from the Central Energy Fund (CEF) is showing increases to all fuels are likely in the new month, says the Automobile Association (AA). The main contributor to the increases is higher on average international oil prices, and to a lesser extent, the weaker Rand.

“The current data shows petrol is expected to increase between 41 and 51 cents a litre but the real concern now is the likely increases to diesel prices. The data is showing diesel will climb by around R1.60/l, a substantial increase to this fuel’s price. The impact of such an increase on ordinary citizens will be significant,” – AA