There’s good news for South African motorists as the price of petrol and diesel is set to decrease in November 2023.

The Automobile Association (AA) says South African motorists can expect decreases of around R2.01 per litre for ULP 95 and R1.96 per litre for ULP 93, while diesel and illuminating paraffin will decrease by R1.08 per litre and 98 cents per litre respectively.

“After three months of significant increases both petrol and diesel prices are expected to fall below the R25/l mark again. This is good news for motorists, consumers, and the economy, especially heading into the end of the year. These decreases come as South Africans continue to struggle financially and will be a welcome relief from the substantial increases seen since August. In July, a litre of ULP95 cost R22.46 (inland). Should the expected decrease materialise, the November price for a litre of ULP95 inland will cost around R23.68,” notes the AA.

The main reason behind the price reductions is the global price of oil has dropped during the course of October and while there have been some exchange rate fluctuations, these haven’t impacted as much in the bigger picture.

“Although we are expecting fuel to be cheaper in November, we remain concerned about the overall high prices which impact on all consumers. A sustainable solution to mitigating rising fuel costs is still necessary and until that solution is found, citizens will be at the mercy of fuel price hikes,” concludes the AA.

Fuel price predictions for South Africa in November 2023

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