PETROL might be a little cheaper in November.

According to the Automobile Association (AA) petrol prices are showing a mixed picture with some prices predicted to climb and others falling.

“93 octane petrol is showing a five-cent drop, while 95 octane petrol is set to rise by ten cents. Diesel is forecast to climb by two cents while illuminating paraffin looks set for a two cents decrease,” the AA said in a statement.

The association says the Rand which lost considerable ground against the US dollar in the second half of September, has stabilised around the R15.20 mark and has generally offset slight rises in international oil prices.

“In its turn, oil has retreated from the price spike arising from last month’s Saudi oil refinery attacks, giving a more stable picture for the motorist,” said the AA.

“The Rand has trended stronger against the dollar over the past few days, so it’s possible the picture could improve by month-end,” the AA added.

https://www.dailysun.co.za/SunWheels/petrol-will-be-cheaper-in-november-20191029