EXPECT FUEL INCREASE IN NOVEMBER
The Automobile Association(AA) warns consumers to brace themselves for more expensive fuel in november, as mid-month data from Central Energy Fund(CEF) shows increase to all fuels are likely in the new month. The latest daily exchange rate provided by CEF shows that petrol prices are currently under-recovery of 51 cents per litre, and diesel with
EXPECT FUEL INCREASE IN NOVEMBER
The Automobile Association(AA) warns consumers to brace themselves for more expensive fuel in november, as mid-month data from Central Energy Fund(CEF) shows increase to all fuels are likely in the new month.
The latest daily exchange rate provided by CEF shows that petrol prices are currently under-recovery of 51 cents per litre, and diesel with a possible R1.60 per litre increase.
“The current data shows petrol is expected to increase between 41 cents and 51 cents a litre but the real concern is likely increase in diesel prices. The data is showing diesel will climb by around R1.60 per litre, a substantial increase. The impact of such an increase on ordinary citizens will be significant”, said the association.
The association says that this is a preliminary data and will change before the end of the month.
“ 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 now,” concludes the AA
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