According to unaudited month-end fuel price data released by the Central Energy Fund (CEF), fuel prices are set to decrease in November 2019.

Motorists in South Africa will get some relief in November 2019 as fuel prices are expected to drop marginally due to a strengthening Rand and reduced international oil prices.

The Automobile Association of South Africa commented, “The Rand has pulled back from its high point at the start of October. This ongoing decline in the average exchange rate has meant that most of its losses have been clawed back, and it will have only a modest impact on the fuel price. As a result, we are anticipating November drops of between eight and 18 cents for petrol, 14 cents for diesel, and 21 cents for illuminating paraffin”.

With the end of the year holiday season coming up, motorists will be hoping for further fuel price reductions ahead of Christmas.

Whatever happens to the oil price and Rand from this point affects the price motorists will be paying at the pumps at Christmas. It remains to be seen whether this month's reductions will continue for the rest of the year," the AA concludes.

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