The official petrol price for November has been released, reflecting a decrease in both petrol and diesel. The new prices are effective from Wednesday, November 4.
Data from the Central Energy Fund reveals that both Petrol 93 and 95 have decreased in price by 27 cents per litre. As of November 4, Petrol 93 costs R 14.39 a litre. Diesel 0.05% and 0.005 % Sulphur have been reduced by 12 cents and 11 cents a litre respectively.
Illuminating Paraffin, however, has increased in price by 15 cents per litre in wholesale price and 20 cents per litre increase in the Single Maximum National Retail price.
“The average international product prices for Petrol, Diesel decreased whilst Illuminating Paraffin increased during the period under review. The Rand appreciated against the US Dollar during the period under review, on average, when compared to the previous period,” explains the Central Energy Fund.
The average Rand/US Dollar exchange rate for the period of October 2 to October 29, 2020, was 16.4657 compared to 16.7204 during the previous period. This led to a lower contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 7.91 c/l, 7.56 c/l and 7.16 c/l respectively.