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By Jason Woosey 
13h ago
JOHANNESBURG – To the relief of South African motorists, fuel prices are expected to decline in October, but while the cuts in gasoline prices will be modest, those who fill up on diesel can expect significant savings.
According to the Automobile Association, end-of-month fuel price data released by the Central Energy Fund shows diesel prices are likely to drop about 93 cents as of Wednesday, October 7, while 93 cents without lead will drop about 24 cents and 95 no lead. for 33 cents.
This will push the price of 95 unleaded down to R14.15 on the coast and R14.83 inland, where 93 ULP will now sell around R14.65. Diesel prices are unregulated, which means that the price you pay will vary from season to season.
While the rand and oil prices played in South Africa’s favor for most of September, recent currency weakness and rising international fuel prices could spell trouble for motorists if these trends persist.
While the rand fell as low as rand 16.10 at the beginning of the month, in recent days it has tested the rand 17 mark, and this has unfortunately coincided with strengthening international oil prices.
“It is too early to say whether the spikes in both were a bump or the beginning of a more sustained reversal, but motorists must remain cautious given the ongoing instability in the local and global economies,” AA said.
At the time of writing, the South African rand was trading at Rand 17.08 per US dollar, while Brent crude was trading at $ 42.88.
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