Fuel prices could rise again in October

Fuel prices could rise again in October

The Automobile Association (AA) believes 95 octane petrol could rise by 19 cents a litre and diesel by 25 cents in October.

Petrol Pump

The reason for the expected hike in fuel prices is the attacks on the Abqaiq oil refinery in Saudi Arabia in mid-September, which saw a spike in the international brent crude oil price.

READ: Petrol users to cough up more next month

AA spokesperson Layton Beard adds although 95 octane petrol is predicted to increase, 93 petrol will see a decrease.

“93 octane is bucking the trend and we are predicting it will decline by 4 cents a litre. This decline would obviously have been more significant had the rand remained more stable against the US dollar.”

Beard warns any further attacks could have a detrimental effect on fuel prices in South Africa over the festive season.

ALSO READ:  Oil price jump likely to affect petrol price

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