JUST IN: SA might cut fuel prices

Based on the current oil, international fuel and rand prices, the latest data from the South African Central Energy Fund (CEF) shows that petrol prices could be cut by around R1.90 a litre in November, while diesel prices could be lowered by between 69 and 75 cents a litre. However, there are still more than two weeks to go before the final prices are set. South African fuel prices are largely determined by international oil costs and the rand exchange rate, as oil is priced in dollars.

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