Local news

October fuel price drop on the cards

Over-recovery of petrol, diesel and illuminating paraffin could lead to price drop in October

Good news is on the horizon as motorists can expect a further drop in the price of fuel in October.

This is according to mid-month data from the Central Energy Fund (CEF), which shows an over-recovery of both petrol and diesel prices to the tune of more than R1 per litre.

This significant over-recovery began at the start of the month and is continuing.

The over-recovery for petrol is between R1.22 and R1.30/litre, while diesel shows an over-recovery of between R1.11 and R1.13/litre, and illuminating paraffin of around R1.05/litre.

Next month’s potential drop follows a dip of R92c/litre in petrol, R1.05/litre for diesel, and R1.38/litre for illuminating paraffin.

Economic factors included a decrease in the average international product prices for petrol, diesel and illuminating paraffin, as well as the ZAR strengthening against the US dollar.

HAVE YOUR SAY

Like our Facebook page  and follow us on Twitter.

For news straight to your phone invite us:

WhatsApp – 060 784 2695

Instagram – zululand_observer

Stay in the know. Download the Caxton Local News Network App here.
Back to top button