Diesel price to fall in November

The price of diesel will probably decline by as much a 56c/litre at the start of November, according to forecasts by the Automobile Association of SA.

- Advertisement -

The price of petrol could decrease by between 40c/litre and 44c/litre, Marius Luyt, head of public affairs, said in an interview. Paraffin could decrease by as much as 49c/litre.

The reductions are driven by a lower oil price and stable exchange rate, he said. If the rand continues its strengthening against the dollar, South Africa could see further reductions, he added.