When the Automobile Association released its October fuel price prognosis last week, it was not yet possible to provide an actual price prediction as at that stage the Department of Energy had not yet released its usual daily price updates, however the mid-month fuel price data is now available and could indicate a bit of a decrease in fuel prices.
“Until government manages domestic policy more effectively, the rand will continue to expose South Africans to the full brunt of bullish oil prices, meaning South Africans are not getting fuel as cheaply as they could be,” the AA said.
The decrease would be welcome as fuel prices are currently at a record high.
Currently 95 Unleaded costs R17.62 at the coast and R18.34 in the inland regions, 93 Unleaded costs R18.15.
The wholesale price of 50 ppm diesel is currently listed at R14.92 at the coast and R15.52 inland but as these exclude retail margins, you will pay more than that at the forecourt.
Sources: IOL
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