Cape Town – Motorists can breathe a little more freely when they enter the petrol stations in October after the Central Energy Fund predicted Petrol 95/93 to drop by R1,10. However, Deisel is expected to increase.
Diesel 0.05% is predicted to go up by R0.19 cents while Diesel 0.005% is expected to go up by R0.24 cents.
According to economist Ulrich Joubert, two factors contributed to the reduction of petrol prices, IOL reported.
“The stronger rand undoubtedly contributed to the positive petrol price outlook as well as the lowering of the Brent crude oil price,” Joubert said.
Here’s what you need to know about the upcoming fuel prices.
⬇ Petrol 95/93 will drop by R1,10
⬆ Diesel 0.05% will go up by R0.19 cents
⬆ Diesel 0.005% will go up by R0.24 cents
⬆ Illuminating Paraffin will drop by R0.45 cents#ReseGOFuelBuddy #BeFuelSavvy https://t.co/A1w86a8yPf— SA: Central Energy Fund (@SACentralEnerg1) September 23, 2022
Earlier this month, it was reported that the oil price had dropped to its lowest level since January. It came as concerns rose about energy demand, as steep interest rate hikes weighed on global economic growth.
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Compiled by Junaid Benjamin
