Petrol price set to go down, diesel to increase in October

Early indications show that the price of petrol is looking set to decrease while diesel will increase in October.

According to unaudited mid-month data from the Central Energy Fund, the price of both 95 octane and 93 octane petrol is set to drop by somewhere between 50 cents and R1 per litre next month, depending on how the international oil price and rand scenarios play out between now and month-end.

Diesel will likely go up by somewhere in the region of 70 cents a litre, while the price of paraffin should go up by around seven cents.

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