Possible petrol price decrease

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“International petroleum prices softened between October 2 and 11, giving an over-recovery of between 10 and 12 cents per litre for diesel, 15 cents for illuminating paraffin and 24 to 25 cents for petrol,” the AA said in a statement.

“While the exchange rate has remained largely stable over the same period, with a negative impact of below three cents per litre, the AA cautions that the effects of a possible US debt default make this situation largely unpredictable.”

The AA warns that if a US default does take place, the effects on international exchange rates and the South African economy will be difficult to predict and could affect SA’s fuel price outlook as well.