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Rand Strength And Cheaper Oil Set To Lower Fuel Prices In November
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Rand Strength And Cheaper Oil Set To Lower Fuel Prices In November
Fuel prices are expected to drop across the board, bringing much needed relief to South African motorists. Mid-month data from the Central Energy Fund (CEF) points to a strong recovery in favour of consumers, thanks to lower global oil prices and a surprisingly firm rand. According to the CEF’s latest indicators, petrol is set for a significant over-recovery of between 55 and 57 cents per litre, while diesel is showing an over-recovery of about …
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