The latest data now suggests that South Africa’s motorists will almost certainly be in for a fuel price hike in early November.
Image: Wikimedia Commons
, petrol and diesel vehicle owners in Mzansi enjoyed a big cut in the cost of petrol and diesel earlier this month.While the current petrol and diesel numbers still suggest another cut lies ahead next month, the numbers are worsening day by day, with still around four weeks remaining. This is due to a combination of thee rand depreciating against the dollar and the price of oil continuing to rise thanks to ongoing unrest in the Middle East.If the market conditions were to remain consistent for the remainder of the month – an unlikely scenario with the rand/dollar exchange rate ever fluctuating and the oil price changing – a decrease of 23 cents is expected for petrol 93 octane motorists and a decrease of 15 cents for 95 users.
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