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BusinessLive reports that motorists can expect major fuel price cuts in October when fuel prices are adjusted next week.
The AA says unaudited data from the Central Energy Fund (CEF) points to significant reductions in fuel prices across the board, which will mark the fifth consecutive decrease in 2024. According to the CEF’s figures, ULP95 petrol is expected to cost R1.13/l less while ULP93 is set to drop by about R1.05/l. Diesel is predicted to decrease between R1.12/l and R1.10/l, while illuminating paraffin will go down by about R1.08/l. “If these decreases are realised, the cumulative impact of this fifth decrease is substantial. Considering, for instance ULP93 inland, the past four decreases amounted to about R3.36/l which brought about a saving of about R168 on a 50l petrol tank. If the expected decreases for October materialise it will bring a saving of R220.50 for a 50l tank using ULP93 since May,” the AA pointed out. The official fuel pricing announcement for October by the Department of Mineral and Petroleum Resources is expected on 30 September ahead of the adjustment at midnight on 2 October.
- Read the full original of the report in the above regard by Denis Droppa at BusinessLive
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