News24Wire reports that an attack on a major oil facility in Saudi Arabia means that a predicted drop in the petrol price for October will be lower than anticipated, the Automobile Association (AA) pointed out on Wednesday.  

The organisation was commenting on unaudited mid-month fuel price data released by the Central Energy Fund (CEF) and said:  "The refinery strike was a game-changer for the way oil price stability is viewed.  At a single stroke, five to seven percent of the world's oil output was wiped from the board, leading oil prices to surge disproportionately."  The AA said it now expected the price of a litre of 95 octane petrol to drop by 5 cents, and a litre of 93 octane by 20 cents in October.  Before the attack cut Saudi oil production by half, CEF data was indicating a drop of 11 cents for 95 octane and 25 cents for 93 octane petrol.  The AA expects the price of diesel to increase by 13 cents a litre.

• Read the original of the above report at Engineering News

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