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.
Fuel Inland | September official | October predicted |
95 Petrol | R16.03 | R15.92 |
93 Petrol | R15.83 | R15.59 |
0.05% Diesel (wholesale) | R14.59 | R14.70 |
Picture: Pixabay