The latest Unaudited fuel data from the Central Energy Fund (CEF) indicate an increase for all fuel grades in November.
Commenting on the data, the Automobile Association (AA) says the numbers show that South African motorists will have to budget a little bit more for their fuel consumption.
According to the data, 93ULP and 95 ULP are expected to climb by 14 cents a litre and 25c/l, respectively, while diesel is expected to increase by around 22c/l. Illuminating paraffin is expected to be 21c/l more expensive in November than it is now.
“The movement in international product prices increased sharply mid-month but slowed towards the end of the month, cushioning what would otherwise be an even wider under-recovery. The average Rand to US Dollar exchange is also adding an impactful but smaller margin to the expected increases,” notes the AA.
Based on these numbers, a litre of 95ULP inland will climb from its current level of R21.05/l to R21.30/l, while the price of 93ULP inland will increase from R20.73/l to R20.87/l. These prices are still cheaper than those experienced at the beginning of the year.
“We again urge consumers to monitor their fuel usage carefully and to budget according to the new fuel prices which come into effect next Wednesday 6 November. Ensuring vehicles are well maintained and in good mechanical condition, carefully planning routes, and avoiding heavy traffic, if possible, are some ways in which motorists can ensure better fuel consumption,” the AA concludes.
