SAFFARAZZI
  • HOME
  • NEWS
    • Tech
    • Crypto
  • ENTERTAINMENT
    • Viral
  • LIFESTYLE
    • Food
      • Recipes
    • Soapies
    • Travel
  • SPORT
    • Soccer
    • Rugby
    • Cricket
    • Motorsport
  • LOTTO
    • Daily Lotto Results
    • Lotto and Lotto Plus Results
    • Powerball and Powerball Plus Results
  • MORE
    • MOTORING
    • About Us
    • Contact Us
    • Write for us!
    • Newsletters and Notifications
  • Privacy
No Result
View All Result
  • HOME
  • NEWS
    • Tech
    • Crypto
  • ENTERTAINMENT
    • Viral
  • LIFESTYLE
    • Food
      • Recipes
    • Soapies
    • Travel
  • SPORT
    • Soccer
    • Rugby
    • Cricket
    • Motorsport
  • LOTTO
    • Daily Lotto Results
    • Lotto and Lotto Plus Results
    • Powerball and Powerball Plus Results
  • MORE
    • MOTORING
    • About Us
    • Contact Us
    • Write for us!
    • Newsletters and Notifications
No Result
View All Result
SAFFARAZZI
No Result
View All Result
Home Motoring

AA warns about November’s “catastrophic” fuel prices

According to the Automobile Association, a dreaded fuel price hike is laying ahead for the month of November.

Bianca Bassi by Bianca Bassi
2021-10-18 17:12
in Motoring
AA warns about November's "catastrophic" fuel prices

AA warns about November's "catastrophic" fuel prices. Image: AdobeStock By dzm1try

FacebookTwitterWhatsappLinkedin
ADVERTISEMENT

In a statement released by the AA, they confirmed that R20 per litre for fuel was “realistic” before the end of the year.

“The current picture is showing petrol up by 99 cents a litre, and diesel and illuminating paraffin higher by a whopping R1.42 a litre. This will push 95 ULP inland above R19/l (close to R19.30/l), and R17/l for diesel,” the AA said.

“Taking this potential increase into account, the price of a litre of fuel inland (95 ULP) will have increased from R14.86/l in January to R19.30/l in November – a 30% increase over 11 months.”

ADVERTISEMENT

The AA added that, should predictions be true, the hikes in diesel and illuminating paraffin would be “the largest in SA history”. However, these predictions are still based on half a month’s data.

#FuelPriceOutlook⛽ Current data is predicting #FuelPriceHike of catastrophic proportions for November. 👇 #FuelPrice #SAFuel https://t.co/EP62Q5vhuV

— AA South Africa (@AASouthAfrica) October 18, 2021

Predictions based on Brent Crude

“Brent Crude has broken through the 85 US dollars per barrel mark and the basket of oil prices used to calculate South Africa’s oil price are following Brent higher. We note the concern this is generating in the USA, where President Biden was reported to have called on the OPEC+ cartel to increase oil output to stabilise prices. This has not generated a response from OPEC+, and our view is that a response is not likely, since the current price pressures are beneficial to the cartel’s members,” the AA notes.

Furthermore, the AA noted the impact of the exchange rate and how the strength of the rand was a key factor in the fuel price.

Fuel prices are not decided by the AA

They further stated that the AA does not regulate or adjust fuel prices in South Africa, but it publishes two fuel price outlooks each month.

ADVERTISEMENT

Fuel prices are officially calculated and adjusted on the first Wednesday of each month. These calculations and adjustments are made by the Department of Mineral Resources and Energy.

AlsoRead

The all-new Renault Captur has arrived

Para-Athletics stars shine at SASOPD national championships

“Measuring the unmeasurable”: the fourth episode of “Beyond the Visible” is now online

Tags: Petrol prices
Previous Post

Lalela Mswane crowned as the new Miss SA 2021

Next Post

On today’s episode of 7de Laan: 18 October 2021 S22 E50150

Bianca Bassi

Bianca Bassi

After studying languages and doing a course in digital content and copywriting, Bianca decided to pursue her love for writing and editing full time. Bianca Bassi Muck Rack Profile

Latest Post

Generations 23 March 2023: On today’s episode – S8 E617

The River 23 March 2023: On today’s episode – S7 E514

House of Zwide 23 March 2023: On today’s episode – S7 E514

Scandal! 23 March 2023: On today’s episode – S7 E252

On today’s episode of Binnelanders 23 March 2023 S10 E150

On today’s episode of Uzalo: 23 March 2023 S7 E523

Muvhango 23 March 2023: On today’s episode – S22 E573

  • About
  • Terms and Conditions
  • Corrections & Complaints
  • Contact Us
South Africa News, Entertainment, Lifestyle, Sport.

© saffarazzi.com. All Rights Reserved. Privacy Policy.
Saffarazzi, The Pavilion, Corner Portswood and, Dock Rd, Victoria & Alfred Waterfront, Cape Town, 8001, South Africa.
Tel: +27 21 140 3522, hello @ saffarazzi.com

No Result
View All Result
  • HOME
  • NEWS
    • Technology
    • Cryptocurrency
  • ENTERTAINMENT
    • Soapies
  • LIFESTYLE
    • Viral
    • Food & Recipes
    • Soapies
    • Travel
  • SPORT
  • MOTORING
  • LOTTO RESULTS
  • About Us
  • Write for us!
  • Contact Us
  • Privacy & Terms
  • Google News
  • Corrections & Complaints

© saffarazzi.com. All Rights Reserved. Privacy Policy.
Saffarazzi, The Pavilion, Corner Portswood and, Dock Rd, Victoria & Alfred Waterfront, Cape Town, 8001, South Africa.
Tel: +27 21 140 3522, hello @ saffarazzi.com