Petrol prices could reach all-time highs in October.
South African motorists could be faced with record petrol prices from October, as the continued war in the Middle East has sent oil prices hovering near the $100 per barrel mark for the first time since July.
The latest daily snapshot from the Central Energy Fund is currently pointing towards petrol price increases in the region of R2.00 for 95 Unleaded and R1.88 for 93 Unleaded.
This would push the price of 95 ULP up to R28.05 at the coast and R28.92 in Gauteng, beating June’s all-time highs of R27.19 and R28.05, respectively.
Diesel is also set for a significant increase, with the data pointing to hikes of between R1.50 for 500ppm and R1.80 for 50ppm. This will push the price of 50ppm up to R30.29 at the coast and R31.85 inland, close to its all-time highs of R30.62 and R31.38, seen earlier this year.
