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Price of fuel set to drop in November

Unaudited data from the Central Energy Fund shows that fuel prices may decrease in November. The Automobile Association (AA) said both grades of petrol are expected to drop by around R1.90 while diesel is likely to decrease by R0.70.

Petrol 93: decrease of 169 cents per litre (R1.69)
Petrol 95: decrease of 173 cents per litre (R1.97)
Diesel 0,05%: decrease of 43 cents per litre (R0.78)
Diesel 0,005%: decrease of 36 cents per litre (R0,36)
Illuminating paraffin: decrease of 44 cents per litre (R0,74)

The Automobile Association (AA) said “these significant decreases will come at a very critical time for South Africans, who have had to dig deeper into their pockets to fill up their vehicles and food trolleys, with the previous cycles of fuel increases”.

The AA has cited more stable international oil prices and the dollar-rand exchange price as the reason for the predicted decrease.

It said this will bring the much-needed relief to consumers who are currently faced with high fuel and food prices.

The association added that while this is good news, fuel prices may be affected by the conflict between Israel and Palestine that is likely to see fuel prices in the country increase yet again.

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