Fuel price predicted to fall in November
Nigeria News

Fuel price predicted to fall in November


Fuel price predicted to fall in November

Fuel price predicted to fall in NovemberThe Automobile Association (AA) has predicted that petrol price could decrease from next month.

It also predicted a small increase for illuminating paraffin.

According to the association’s forecast, a fall is expected in the price of petrol between 14 and 17 cents a litre, while diesel is set to drop by approximately 20 cents a litre.

However, illuminating paraffin is expected to be 5 cents more expensive per litre.

This change is prompted by the dollar to rand exchange rate.

The AA’s Layton Beard said: “After a large spike in the daily exchange rate in the second half of September, the rand has returned to its current level of around R16.55 to the US dollar.”

“And despite some fluctuations in international oil prices the basic fuel prices are trending downwards and we hope these trends consolidate towards month-end.”

The post Fuel price predicted to fall in November appeared first on .

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Comments (0)

Leave a Reply

About Us

AfroNaija.Com is a Nigeria base Music Promotional Company, We have been in the industry since 2013 promoting the Nigeria Music Industry.

AfroNaija.Com is Own By Austin Aigbe ( Dj AfroNaija ) , We are into music promotion ( Which Covers Online Promotion , Radio Promotion , Alaba Mixtape Promotion , Street Promotion ).