Price of fuel to drop in October

Mid-month fuel data released by the Central Energy Fund (CEF) indicates that motorists can expect a drop in the price of fuel if current trends persist. According to the data, 95 Petrol is expected to show an over-recovery of approximately 11 cents, and 93 Petrol is expected to show an over-recovery of 24 cents per litre.

Meanwhile, diesel is showing an under-recovery of an estimated 11 cents, and this suggests that a hike is likely.

International factors have impacted the global price of fuel negatively – these include the US-China trade war, and there are also talks of cuts in oil production in Saudi Arabia planned for December.