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The Automobile Association of South Africa (AA) has issued a warning to motorists and consumers to brace themselves for more expensive fuel in November.

This is as mid-month data from the Central Energy Fund shows increases to all fuels are likely in the new month. Higher on average international oil prices and, to a lesser extent, the weaker Rand are the main contributors to the expected increases.

“The current data shows petrol is expected to increase between 41 and 51 cents a litre, but the real concern now is the likely increases to diesel prices,” the AA said in a statement. “The data is showing diesel will climb by around R1,60/F, a substantial increase to this month’s fuel price. The impact of such an increase on ordinary citizens will be significant.”

As diesel is a major input cost in many sectors, an increase to its price will ultimately hurt consumers as manufacturers pass the increases down the line, the AA pointed out, but added this is preliminary data that will change before month-end.

“While these figures may change, we don’t expect a reversal; prices are still likely to go up in November. For now, it’s just the quantum of those increases that is at question now,” concluded the AA.
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