Breaking local news in Boksburg
Despite a spike in global oil prices this week due to the escalation of the Israel-Gaza conflict into war, early projections point to the possibility of lower fuel prices at the beginning of November.
The last time South African motorists felt relief at the pumps was back in July. Diesel has seen cumulative hikes of R5.71 per litre since June. The Automobile Association said: “These significant decreases will come at a very critical time for South Africans, who have had to dig deeper into their pockets to fill up their vehicles and food trolleys, with the previous cycles of fuel increases.”
'However, the average weaker rand versus the US dollar exchange rate is shaving some of the possible decreases off what is otherwise a positive outlook.
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