Attack on Saudi refinery likely to hit South African motorists' pockets
We look set to feel the effects of this weekend's attack on a Saudi oil refinery.
The Automobile Association of South Africa says the country's fuel price outlook has changed somewhat in a matter of days because of the drone strikes.
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The attacks knocked out more than half of Saudi Arabia's oil production.AA spokesperson, Layton Beard says the diesel price was set to go up a few days ago, but the increase is now likely to widened to around 13 cents a litre.
Illuminating paraffin is set to go up by 8 cents.
While petrol prices have had a positive outlook, the gains are being wiped out.
"All grades of petrol had been showing a decrease last Friday, but they have since narrowed," said Beard.
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He says 95 octane petrol could decrease by 5 cents a litre instead of a possible 11 cents.93 octane petrol is likely to cost 20 cents less.
"The picture for petrol still remains positive, but those drone attacks have definitely had a negative impact," explained Beard.
