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Petrol drops by up to 33 cents, diesel by 93 cents from Wednesday

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This is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel price data released by the Central Energy Fund. Based on current data, petrol is set to drop by 24 cents for 93 unleaded and 33 cents for 95 unleaded, while diesel will be down by around 93 cents, and illuminating paraffin by 78 cents.

This is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel price data released by the Central Energy Fund.

Based on current data, petrol is set to drop by 24 cents for 93 unleaded and 33 cents for 95 unleaded, while diesel will be down by around 93 cents, and illuminating paraffin by 78 cents.

We’ll have a bit of that: The petrol price is set for a substantial decrease in October, with diesel costs set to plunge by almost R1 too. This light relief will be a welcome relief for the motorists of Mzansi over the coming weeks.

FORECAST PETROL PRICE FOR OCTOBER 2020

We’ve got a hat-trick to bring you. Petrol and paraffin are heading in the right direction, but diesel users will be the big winners in October:

  • Petrol: Decrease of 33 cents per litre
  • Diesel: Decrease of 93 cents per litre.
  • Paraffin: Decrease of 78 cents per litre.

Adding these totals to the September fuel price gives us the following average cost-per-litre for petrol and diesel in October. These predictions, from the Central Energy Fund, are forecast to come into effect from the middle of next week:

Fuel Inland Coastal Difference
Petrol R14.85 R14.15 Down by 33 cents
Diesel R12.34 R11.74 Down by 93 cents

WHY WILL THE PETROL PRICE DECREASE IN OCTOBER?

We have the Rand to thank, as strange as that may sound. The strength of ZAR against the US Dollar and other international currencies has a big say in dictating our petrol prices each month, and there was enough movement in September to shave a few cents off our current costs. However, the AA is warning of volatility ahead:

“The Rand’s daily average dipped as low as R16.10 to the US dollar on September 18, following a long downward trend which began in the first week of August. However, a steep jump to around R16.90 followed by a brief plateau and a further spike to nearly R17.20 caught watchers unawares.”

“There is rightly some concern about the Rand’s short- to medium-term trajectory. Diesel and petrol prices spiked, and then pulled back before starting a further climb. If this trend of a weakening Rand and rising international fuel prices continues, it could be extremely negative for South African fuel users, and we will watch further changes with interest.”

DIESEL AND PETROL PRICE FOR OCTOBER – FILLING UP IN COASTAL REGIONS:

(These are estimated figures based on the latest forecasts from The Central Energy Fund. They may still fluctuate between now and the first week of October.)

MOTOR VEHICLES AND BAKKIES

Average capacity: 45 litres
Cost for a full tank of petrol: 
R636.75
Cost for a full tank of diesel: 
R528.30

MINI BUSES / TAXIS

Average capacity: 75 litres
Cost for a full tank of petrol:
 R1 061
Cost for a full tank of diesel: 
R880.50

BUSES AND TRUCKS

Average capacity: 250 litres
Cost for a full tank of diesel: 
R2 935

MOTORCYCLES

Average capacity: 20 litres
Cost for a full tank of petrol: 
R283
Cost for a full tank of diesel: 
R234.80

DIESEL AND PETROL PRICE FOR OCTOBER – FILLING UP INLAND

MOTOR VEHICLES AND BAKKIES

Average capacity: 45 litres
Cost for a full tank of petrol:
 R668.25
Cost for a full tank of diesel:
 R555.30

MINI BUSES / TAXIS

Average capacity: 75 litres
Cost for a full tank of petrol: 
R1 113.75
Cost for a full tank of diesel: 
R925.50

BUSES AND TRUCKS

Average capacity: 250 litres
Cost for a full tank of diesel: 
 R3 085

MOTORCYCLES

Average capacity: 20 litres
Cost for a full tank of petrol: 
R297
Cost for a full tank of diesel:
 R246.80