Motorists brace for price surge at the pumps next week

After enjoying months of fuel price decreases, it’s likely that motorists will have to dig deeper into their pockets in November.

Motorists can likely expect a fuel price increase next week Wednesday, with petrol and diesel prices projected to rise between 18 cents and 30 cents per litre.

The hike is driven by elevated global oil prices and a recent weakening of the rand, impacting daily travel costs across the region.

The latest data from the Central Energy Fund indicates that fuel price recoveries for November have continued to deteriorate, with motorists now looking at a petrol and diesel price hike of around 20 cents per litre.

Petrol prices show a larger under-recovery, ranging between 18 cents and 30 cents per litre, while diesel under-recoveries are between 22 cents and 23 cents per litre.

This is a marked downturn from mid-month projections, overturning the previous outlook of a possible price reduction.

These are the expected changes:

Petrol 93: Increase of 18 cents per litre

Petrol 95: Increase of 30 cents per litre

Diesel 0.05% (wholesale): Increase of 23 cents per litre

Diesel 0.005% (wholesale): Increase of 22 cents per litre

Illuminating paraffin: Increase of 20 cents per litre.

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Corné van Zyl

Corné van Zyl is a seasoned journalist and currently a senior reporter at Rekord, with a wealth of experience across various media platforms. She began her career after studying journalism at the Tshwane University of Technology (TUT) and first honed her skills at Media24. Corné’s career took her to Beeld, Sondag newspaper, and the South African Press Association (SAPA), where she built a strong foundation in news reporting. In her free time, Corné enjoys spending time with her family outdoors, embracing life and creating lasting memories with her loved ones.
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