This anticipated relief comes just in time for the end-of-year holiday season, potentially easing consumer struggles and making travel more affordable. The AA announced today that motorists can expect the price of ULP 95 inland to drop to approximately R22.17 per liter, with coastal prices even lower at R22.05 per liter, marking the lowest rate since February. Diesel is projected to decrease to R22.15 per liter, which is less expensive than September's R23.05 per liter but still above August's rate of R20.21 per liter. Similarly, data from CEF released yesterday indicates that ULP 93 will see a reduction of R1.05 per liter, while illuminating paraffin is set to decrease by R1.75 (USD1 = ZAR18.2773) per liter. These adjustments are attributed to stable oil prices alongside the aforementioned stronger local currency and softer international product prices.

Source: The North Africa Journal November 17, 2023 12:42 UTC