How much you can expect to save at the fuel pumps in October

Motorists can expect to save more at the pumps in October when fuel prices are adjusted next week.

The Automobile Association (AA) says unaudited data from the Central Energy Fund (CEF) indicate significant reductions to fuel prices across the board, making this the fifth consecutive decrease this year.

According to the CEF figures, ULP95 petrol is expected to drop by about R1.13/l while ULP93 is set for a drop of about R1.05/l. Diesel is expected to drop between R1.12/l and R1.10/l while illuminating paraffin will drop by about R1.08/l.

“The expected decreases are welcome and will provide relief to motorists. If these decreases are realised the cumulative impact of this fifth decrease is substantial. Considering, for example, ULP93 inland, the past four decreases amounted to about R3.36/l which brought about a saving of about R168 on a 50l petrol tank.

“If the expected decreases for October materialise, it will bring a saving of R220.50 for a 50l tank of ULP93 since May,” said the AA.