Is the petrol price set to increase again in November?

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As of November, motorists can expect to see both a minor decrease and increase in the price of petrol.

According to the Automobile Association, the price of 93 octane petrol is expected to drop by five cents a litre, while 95 octane can possibly rise by 10 cents a litre.

This will see the price of 93 octane drop to R15.74, while 95 octane will increase to R16.31 a litre.

Additionally, diesel prices are set to increase by approximately two cents per litre, while illuminating paraffin can possibly decrease by two cents.

Why are motorists seeing yet another increase in both petrol and diesel?

The AA explains the South African Rand, which lost considerable ground against the US dollar in the second half of September, has stabilised around the R15.20 mark. It has also generally offset slight rises in international oil prices.

Furthermore, oil has retreated from the price spike arising from last month’s Saudi oil refinery attacks, giving a more stable picture for the motorist.

Also read: Petrol prices set to increase tonight at midnight

As motorists brace themselves for yet another price increase, how do you intend to save on petrol costs this coming November? Share your tips with us in the comment section below.

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