South Africans must expect another substantial petrol price increase at the beginning of November‚ the Automobile Association (AA) says. Commenting on unaudited mid-month fuel price data released by the Central Energy Fund‚ the AA said: "International oil prices remain stubbornly high and it is possible that current tensions involving Saudi Arabia‚ one of the world's biggest oil producers‚ could place more pressure on fuel prices. More welcome news is that the rand is working in SA's favour‚ and the recent firming of our currency against the dollar has taken some of the bite out of oil's rally." "However‚ the potential price hikes are still daunting‚ especially for diesel users," the AA said. Petrol prices are currently set for a 40c a litre increase‚ while diesel and illuminating paraffin could spike 70c and 65c a litre, respectively‚ the AA said. The association said the predicted increase in the price of petrol must‚ for the moment‚ be seen against the backdrop of the department ...

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