Fuel prices are set to rise in Novemberwith petrol set to rise by 45c/litre and diesel by 64c/litre. The Automobile Association (AA) predicts the increase will be implemented in the second week of November.
The AA also commented that "The Rand incurred heavy losses at mid-month in the wake of the NPA's decision to charge Finance Minister Pravin Gordhan, the deficit has not been made up, even though the Rand has been slightly stronger in the last ten days. In the time being, international petroleum prices, which had been steadily rising in the first two weeks of October, have flattened out somewhat, which is encouraging."
Commenting on the state of current affairs in SA, the AA concluded: "We once again urge organs of government to exercise the utmost caution in dealing witheconomically-sensitive issues which can severely impact on working-class citizens," the AA concluded.
Expected Petrol Price:
Reef – 93: R12.79 / 95: R13.05 / LRP: R12.79
Coast – 93: R12.41 / 95: R12.57 / LRP: R12.57
Expected Diesel Price
Reef – 0.05%: R11.37 / 0.01%: R11.40
Coast – 0.05%: R10.97 / 0.01%: R11.02
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