Tag Archives: petrol

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Petrol Hike Coming In October Due to Weak Rand

Rand Weakens so Petrol Will Go Up

As foreign investors run scared from talks of land expropriation and political pressure from the US combined with the local economic recession, the Rand to Dollar exchange rate has seen the Rand drop dramatically in value in the past few weeks.

Since Petrol is priced in Dollars this means it is going to take more Rand to buy oil/Petrol and this, in turn, means that the price of fuel will go up, possibly as soon as October.

Experts are predicting that the weaker Rand, probable ‘Junk ‘status coming from Moodys and increased cost of crude oil is going to see local fuel prices go up by R1.20. This could then mean that petrol will break the R17/litre barrier.

Petrol Set to Jump Over R15/Litre

Petrol Pump

Petrol Price To Jump In June Global oil costs are going up which normally means that we end up paying more for fuel locally as well. Gradually the price of fuel (as always) has been creeping higher and higher. Tensions … read more

Petrol Price Dropped by 69 Cents

Petrol Pump

Petrol Price Reduction Helps Consumers As the Rand weathers the recent upheaval over possible plans to change the Reserve Bank Policy and the idea of nationalising the central bank, the currency has surprised many by staying fairly stable against the … read more