BusinessLive reports that according to the Automobile Association (AA), fuel prices are set to decrease in November, based on unaudited mid-month data from the Central Energy Fund (CEF).

The data indicates ULP95 is set to decrease by about R1.97/l and ULP93 by R1.92/l. Diesel, which has been on an upward trajectory for the past couple of months, is set for a decrease of about 78c/l. The unaudited data also points to a decrease in the cost of illuminating paraffin of about 74c/l. The decreases come at a critical time for South Africans who have had to dig deeper into their pockets to fill up their vehicles with the previous cycles of fuel increases. According to the CEF’s data, more stable international oil prices are the main driver behind the potential decreases for November. “There are still two weeks before the official adjustment for November which could still be negatively affected by the upward trajectory of oil prices due to the conflict in Israel,” the AA cautioned.

• Read the full original of the report in the above regard at BusinessLive

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