Fuel price to decrease in November?

By Staff Writer
As the end of the month draws near, we brace ourselves for an announcement about the fuel price. According to the Automobile Association of South Africa (AA), consumers could be in for some relief with regards to the fuel price in November.
 
The AA explained: “Our mid-month concerns over stronger oil prices have been allayed by an ongoing retreat. The situation has been further strengthened by a modest flattening of the Rand / US dollar exchange rate, although there are again signs of an uptick which has the potential to affect fuel pricing towards year-end.”
 
According to the AA, there is likely to be a slight drop in the diesel price of between eight and nine cents per litre, while the petrol price is showing signs of a possible decrease of between 18 and 22 cents per litre.
 
“Fuel prices have returned to levels last seen in March of this year. However, volatility in both oil prices and the exchange rate continues to be evident, and we advise motorists not to take future price reductions for granted,” highlighted the AA.
 
Fuel price adjustments for November 2015 will be released by the Department of Energy on Friday 30 October.

Recent Articles

Featured What happens to the interest on your tax-free savings?

You may be interested in investing your savings in a tax-free savings account (TFSA). However, the amount you’re allowed to save in this kind of account is capped. So, what does this means for any interest you earn above the limit?

What does financial emigration entail?

Over the last couple of years, you’ve slowly been saving to move abroad. You’ve learned a new language, and mapped out all the places you plan to see. But should you take all your wealth with you?

6 Clever ways to spend your tax refund

After submitting your tax calculations to SARS, you may receive a tax refund. This is a tax break offered by SARS based on certain expenses. But what should you do with it? We have a look at six productive ways you can spend this money.

When to trade in your old car for a new one

You may have noticed that your car isn’t running as smoothly as it used to. This is particularly concerning if you’re hoping to sell it at a reasonable price, and buy yourself a modern alternative.

Deals

Full Body Massage at Meraki Beauty & Wellness Centre

Price: R99
When: Mondays to Thursdays
Where: Umhlanga

Archery and Drift Triking with Adventure Freaks

Price: R149
When: Mondays to Sundays
Where: Hartbeespoort

E-Bike Stellenbosch Wine Farm Tour and Wine Tasting

Price: R899
When: Tuesdays to Sundays
Where: Stellenbosch


Latest Guide

Guide to debt rehabilitation solutions