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BusinessLive reports that the Automobile Association (AA) says motorists will have to budget more for their fuel costs in November.
Unaudited fuel data from the Central Energy Fund (CEF) indicates an increase for all grades of fuel when the adjustments are made on 6 November. According to the data, 93 ULP and 95 ULP petrol costs are expected to climb by 14c/l and 25c/l, respectively, while diesel is expected to increase by 22c/l. Illuminating paraffin is expected to be 21c/l more expensive. The AA said the movement in international oil prices increased sharply in the middle of October but slowed towards the end of the month, cushioning what would otherwise have been an even wider under-recovery. The average rand to dollar exchange is also adding a smaller margin to the expected increases. Based on the numbers, a litre of 95 ULP inland will climb from its current level of R21.05/l to R21.30/l, while the price of 93 ULP inland will increase from R20.73/l to R20.87/l. These prices are still cheaper than they were at the beginning of the year.
- Read the full original of the report in the above regard at BusinessLive
- Lees ook, Brandstofpryse styg waarskynlik vandeesmaand, by Maroela Media
Get other news reports at the SA Labour News home page