The main contributor to the increases is higher on average international oil prices and the weaker rand
17 October 2022 - 12:35
by Staff Writer
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Good news for drivers of petrol cars; not so much for diesel drivers. Picture: SUPPLIED
Consumers should brace themselves for more expensive fuel in November as mid-month data from the Central Energy Fund (CEF) is showing that increases in the prices of all fuels are likely in the new month, says the Automobile Association (AA).
The main contributor to the increases is higher on average international oil prices and, to a lesser extent, the weaker rand.
“The current data shows petrol is expected to increase between 41c and 51c a litre but the real concern is the likely increases in diesel prices. The data is showing diesel will climb by around R1.60/l, a substantial increase. The impact of such an increase on ordinary citizens will be significant,” said the association.
It said because diesel was a major input cost in many sectors, an increase in its price would ultimately hurt consumers as manufacturers pass down the increases.
The association said this is preliminary data and will change before the end of October.
“While these figures may change, we don’t expect a reversal. Prices are likely to go up in November. It is the quantum of those increases that is at question.”
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Fuel prices set to go up in November, AA warns
The main contributor to the increases is higher on average international oil prices and the weaker rand
Consumers should brace themselves for more expensive fuel in November as mid-month data from the Central Energy Fund (CEF) is showing that increases in the prices of all fuels are likely in the new month, says the Automobile Association (AA).
The main contributor to the increases is higher on average international oil prices and, to a lesser extent, the weaker rand.
“The current data shows petrol is expected to increase between 41c and 51c a litre but the real concern is the likely increases in diesel prices. The data is showing diesel will climb by around R1.60/l, a substantial increase. The impact of such an increase on ordinary citizens will be significant,” said the association.
It said because diesel was a major input cost in many sectors, an increase in its price would ultimately hurt consumers as manufacturers pass down the increases.
The association said this is preliminary data and will change before the end of October.
“While these figures may change, we don’t expect a reversal. Prices are likely to go up in November. It is the quantum of those increases that is at question.”
• With the Automobile Association
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