Need ideas on petrol and diesel prices in November 2019. Well, the difference between 93 octane and 95 octane petrol is set to be more pronounced if the November 2019 petrol and diesel price prediction from the Automotive Association of South Africa is be believed.
South Africa’s petrol and diesel prices are determined monthly.
According to the AA, fuel prices are showing a mixed picture for November 2019. It says some fuel prices are predicted to climb while others will be falling.
The association was commenting on unaudited mid-month fuel price data released by the Central Energy Fund.
November 2019 petrol, diesel price prediction
“In an indication of how flat the month has been to date, the AA notes that different fuels are heading in different directions,” the AA notes.
- 93 octane petrol is showing a five-cent drop,
- 95 octane petrol is set to rise by ten cents,
- Diesel is forecast to climb by two cents,
- Illuminating paraffin looks set for a two cents decrease.
“The Rand, which lost considerable ground against the US dollar in the second half of September, has stabilised around the R15.20 mark and has generally offset slight rises in international oil prices,” adds the AA.
“In its turn, oil has retreated from the price spike arising from last month’s Saudi oil refinery attacks, giving a more stable picture for the motorist.”
The Association notes that, at first glance, the oil price seems to be finding its way back to normal, and the Rand, as ever, is a bellwether of the current mix of poor economic conditions and reticence by investors.
“The Rand has trended stronger against the dollar over the past few days, so it’s possible the picture could improve by month-end,” concludes the AA.