Can You Believe It? Fuel Down!

Call me a skeptic, but I can’t help feeling that they’re setting us up for a fall.

Anyway, be that as it may, here’s the article;

Fuel prices are set for a slight drop in the wake of oil price retreats in October.

This is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel price data released by the Central Energy Fund (CEF).

“The rand has pulled back from its high point at the start of October. This ongoing decline in the average exchange rate has meant that most of its losses have been clawed back, and it will have only a modest impact on the fuel price,” said the AA. The association said international oil prices had also declined slightly.

“As a result, we are anticipating November drops of between 8 and 18 cents for petrol, 14 cents for diesel, and 21 cents for illuminating paraffin.”

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