As things stand, motorists are set to benefit from petrol and diesel price reductions.

Based on theunaudited mid-month fuel price data released by the Central Energy Fund, theAutomobile Association of South Africa reckons the price of petrol is set to come down by between 14 and 17 cents a litre, while diesel should come down by 20 cents a litre. The only bad news is the price of illuminating paraffin could go by 5 cents a litre.

"So far in October we have seen both the Rand/US dollar exchange rate and international oil prices working in South Africa's favour. After a large spike in the daily exchange rate in the second half of September, the Rand has returned to its previous leisurely strengthening trajectory, improving from around R16.70 to the dollar at the start of October to its current level of about R16.55," the AA says.

Let's keep our fingers crossed both the exchange rate and the price of crude oil remain stable for the rest of October 2020.

Further Reading

SA Petrol Price 2020 – Where Does Our Money Go?

5 Ways to Beat the Fuel Price Hike

Most Fuel Efficient Budget Cars in SA

Most Fuel-Efficient Double-Cab Bakkies in SA

5 Fuel-Saving Car Features & How They Work

Most Fuel Efficient Budget Cars in SA

Most Fuel Efficient Diesel Cars in SA

Most Fuel Efficient Petrol Cars in SA