Petrol Price Decrease in November Provides Relief for South Africans

As originally anticipated by the Automobile Association (AA), based on unaudited mid-month data from the Central Energy Fund (CEF)

, both grades of unleaded petrol will decrease by R1.78 a litre on Wednesday. Diesel wholesale prices will drop by between 82c and 85c, depending on the sulphur content.

According to the CEF’s data, more stable international oil prices are the main driver behind the decreases for November although the average weaker Rand-US Dollar exchange rate is shaving some of the possible decreases off what is otherwise a positive outlook. International factors affecting the price adjustment include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including importation costs and shipping costs which must be taken into account.

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