South Africa’s fuel prices are expected to drop in November according to the Central Energy Fund (CEF).
The CEF points to a drop in petrol prices of around R1.90 per litre, while diesel is expected to drop by 75c a litre.
Its statement read that, should the over-recoveries continue for forthcoming months, fuel users could see a drop in fuel prices after almost four months of constant increases.
The expected drops are: 93 octane petrol, R1.89 per litre; 95 octane, R1.93 per litre; diesel (0,05%) down 75c per litre; diesel (0,005%) down 69c per litre.
Illuminating paraffin is expected to drop 72c per litre.
The CEF’s statement stressed that the global environment was unstable at present from source areas for the country’s oil so this could change.
