Petrol price is set to increase for the fifth time this year due to a weaker rand. Deputy editor at Finacial Mail Sikonathi Mantshantsha says he is predicting that South Africans will be paying R19 per litre of petrol by the end of 2018. The rand weakened to about R14 after Argentina increased its interest..
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Petrol predicted to hit R19 by end of 2018
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Solidarity members to strike over Sasol’s ‘white exclusion’
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More than 80% of Solidarity’s members at Sasol in Secunda voted for a strike against the company’s exclusion of white employees from a staff share scheme, the labour union claims in a statement on its website on Sunday.
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Petrol prices: This is how much the ANC-goverment earns on our fuel tax and levy
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Cyril Ramaphosa restored some hope when he announced that he would task the Department of Energy and National Treasury with the duty of finding a solution to the issue of rising petrol prices. However, on Tuesday, the joint team, led by Jeff Radebe, who is the Minister of Energy, confirmed that, in fact, there was..
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Rand fall and fuel prices rise after government’s reckless statements about land expropriation
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The poor performance of the Rand is definitely not good news for motorists. The Rand fell more than 8%, partly due to the mess on the Turkish financial markets. Although the oil price is relatively stable and even slightly lower, the weak rand will push the fuel price upward. The rand also visibly weakened after..
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KwaZulu-Natal highways shut down due to petrol price protests
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In response to skyrocketing petrol prices, the #FuelPricesMustFall campaign has taken to KwaZulu-Natal’s city streets and major highways in protest. Hundreds of motorists were stuck in traffic congestion on Wednesday morning as a result of the demonstration. The purpose of the #FuelPricesMustFall campaign is to raise awareness regarding the issue of escalating fuel prices. The..
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Cyril Ramaphosa downplays hope of a ‘quick fix’ for high fuel & VAT
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President Cyril Ramaphosa has given ministers in the economic cluster a two-week deadline to come up with measures to ease the burden of high fuel prices and the VAT hike on already struggling consumers.
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Broke’ Eskom Gives Senior Executives Unlimited Free Petrol
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Senior Eskom officials have reportedly been spending about half a million rand a month on their company cars, with unlimited free fuel, according to Business Day. Eskom also reportedly pays for their toll fees and the maintenance cost of their cars. This comes weeks after unions embarked on a protest because Eskom offered no wage..
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Brace yourself, tougher times are still ahead
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As temperatures plummeted across the county this week, fuel prices hit record highs of R16.02 for a litre of 95-octane petrol in Gauteng.
Taxi fares and the cost of basic foodstuffs are also expected to rise as a result. But beyond appealing to manufacturers and service providers to hold off on increases, there is no immediate plan for the government to help hard-hit consumers.
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Petrol price still on course to break record R16/litre, but AA says it could be worse – How much worse can it really get?
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Pending a formal fuel adjustment announcement by the Department of Energy, a litre of 95 octane fuel inland is likely to breach the R16 a litre mark. Yet, the Automobile Association (AA) says South Africans are lucky, as fuel hikes ‘could’ve been far higher’. Petrol prices are due to reach record highs after the Department’s..
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AA warns motorists to brace for possible fuel price hike in July
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Motorists can brace for another potential petrol price hike next month. The Automobile Association is predicting an increase of about 30 cents per litre. This comes on the back of an 82 cents per litre petrol price hike at the start of June. The association’s Layton Beard explains: “It must be noted that this a..
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Toll Fees, Petrol to add to consumer debt burden
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Consumers already owing R1.37-trillion in debt will feel more heat from higher fuel and toll prices in May, said a debt expert.
Neil Roets, CEO of Debt Rescue, said in a statement that consumers will also have to contend with financial pressures from the 1% VAT increase.
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‘Major Concern’ Over Eskom Coal supplies – Can we expect some power cuts soon?
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Parliament’s Energy Committee says it’s concerned by reports of Eskom battling with low coal supply at six of its power stations.
It wants the power utility’s top brass to appear before the committee as soon as possible to clarify the severity of the situation.
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The Energy Department has announced that the fuel price is set to rise by 72 cents and diesel will cost 65.20c/l more from 4 April
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JOHANNESBURG – The Energy Department has announced that the fuel price is set to rise by 72 cents and diesel will cost 65.20c/l more from 4 April.
The wholesale price of illuminating paraffin will drop 2.30c/l, while the retail price of LPG will increase by 39.00c/kg.
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No good news for consumers, you’re going to struggle more
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The Reserve Bank announcement that the repo rate is reduced by 0.25% is a very slight sugar stroke over other shocks that consumers are going to hit and their living standards will be negative.
Just after Easter week fuel
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Fuel prices expected to drop by 36 cents
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The Automobile Association (AA) has announced that the fuel prices are expected to drop on the 7th March.
Following to the unaudited month-end fuel data released by the Central Energy Fund, the AA said petrol is set to go down by 36 cents, diesel by 47 cents and paraffin by 26 cents.
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