Fuel prices for October – a decrease could be on the cards

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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 bid 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.