Petrol Price increase 7 March 2012

As mentioned in the recent budget speech petrol is once more set to increase. There will be a 28 Cent increase in the cost of petrol on wed 7th March 2012.

Some pessimistic economists are predicting increases in petrol prices all the way up to R16 per litre by the end of 2012 which could bring international economies (as well as the local economy) to their knees. Others hold a more conservative view. However all agree we should expect the price to continue to rise not fall.

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