As generally predicted, the official November 2019 petrol price has seen decreases across the board. The Department of Energy may have announced a slight drop in petrol and diesel prices for November, but it is still reason to cheer.
South Africa’s petrol and diesel prices are determined monthly and for most of 2019, there had been increases in fuel prices. Fears were that after petrol and diesel prices increased in October, they would increase for the ninth straight month in November 2019.
Early in October month, the Automotive Association of South Africa in its petrol price prediction for November 2019 did say some motorists will see an increase on their fuel while others will enjoy a drop in prices.
The prediction came true as motorists will pay slightly less at the fuel pumps from Wednesday.
Official November 2019 petrol price
According to the Department of Energy, your official November 2019 fuel prices are as follows:
- 95 octane petrol prices will drop by 13 cents per litre,
- 93 octane petrol prices will see another 13 cents decrease per litre,
- Diesel prices will drop by 14 to 16 cents a litre, and
- Paraffin will drop by 23 cents a litre.
The Energy Department said the main reason for the November 2019 petrol and diesel price decrease is lower oil prices on the international as seen throughout October.
It added that the cuts would have been slightly larger, had the rand performed better against the US dollar over the same period, however.
“The rand depreciated against the US dollar during the period under review, on average, when compared to the previous period. The average rand/US dollar exchange rate for the period 27 September 2019 to 31 October 2019 was 14.9293 compared to 14.8432 during the previous period,” the Department explained.
“This led to a higher contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 4.08 c/l, 4.33 c/l and 4.34 c/l, respectively.”
The changes will take effect from Wednesday, 6 November.