Diesel prices will increase for the fourth consecutive month when fuel prices for October are officially adjusted next Wednesday. Commenting on unaudited fuel data from the Central Energy Fund (CEF), the Automobile Association (AA) says petrol and illuminating paraffin prices will also increase – both for the third consecutive month.
According to the current data, diesel is expected to increase by around R1.60/litre, while petrol is expected to increase by between 75c/l and 80c/l depending on the grade. Illuminating paraffin is expected to rise by more R1.50/l.
“As was the case with the previous increases, these latest significant adjustments are mainly attributable to rising international oil prices. While the weaker Rand/US Dollar exchange is also playing a role in the hikes for all fuels, its contribution is less substantial than the international product prices,” notes the AA.
Based on the current numbers, ULP95 petrol in Gauteng will rise above R25/l…
