South African Fuel Prices Projected to Rise in November

South African motorists may see fuel price increases starting November 4. The Central Energy Fund published data on October 14 indicating that rising international petroleum prices and a weakening rand are driving the projected hikes.

Projections suggest 93-octane petrol could increase by approximately R2.26/l, while 95-octane petrol may rise by R2.27/l. If these figures hold, inland 95-octane petrol could reach R32.52/l. Diesel projections show potential increases of R1.37/l for 500ppm and R1.46/l for 50ppm, which could bring 50ppm diesel to R34.25/l.

Final fuel price adjustments are scheduled for the first Tuesday of November, though the agency noted that projections may change before the end of October.