Posts tagged with 'Petrol price'

 

Petrol Price expected to go up 7 cents for 95 octane and 4 cents for 93 grade

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The latest data from the Central Energy Fund (CEF) points to a flat month in August for petrol prices – though there may be good news for diesel drivers.

At mid-month, the group is showing a small increase in both grades of petrol for August, with pump prices expected to go up 7 cents per litre for 95 octane, and 4 cents per litre for 93 grade.

Diesel, however, is currently showing an over recovery of 20 cents per litre, which means at least some motorists may be paying less next month.

The flat rate in petrol prices is due a reversal in trends for both international petroleum prices and the rand/dollar exchange rate.

For the first two weeks in July, the rand has strengthened against the dollar, contributing to a 25-27 cents per litre drop in both the petrol and diesel prices.

This has been undercut by the movement in the international product prices – at least for petrol – which are contributing to a 30 to 33 cents per litre
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This is not a drill: The petrol price forecast for July has arrived, and a substantial drop is on the cards for South Africa’s long-suffering motorists

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The spirit of Christmas seems to be returning to South Africa: Some six months after recording our last decrease in the petrol price, July looks like it will give road users in Mzansi the gift they’ve been waiting for.

How much cheaper with the petrol price be in July?
The Central Energy Fund have released their data for the per-litre price forecast of both petrol and diesel. Each fuel looks set to fall in cost, with a reduction of almost R1 p/l (well, 90 cents p/l, to be precise) on the cards for petrol.

Diesel is also on course for a similarly-cheery result next month, with just over 70c-per-litre predicted to come off the current price. Even another moderate rise would have likely broken a few unwanted records in SA, but the experts now believe that motorists will have to fork out less to fill up their vehicles in a few weeks’ time.

Why the petrol price is set to drop
The forecast has come relatively early in the month. Usuall
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Motorists are going to have to buckle up once more since petrol are about to cost R17-per-litre in June

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Being a motorist in Mzansi is a ghastly pursuit. The petrol price looks set to rise again in June, marking a fourth consecutive increase since March.

It’s not news any of us wants to hear. Although petrol prices forecast for next month won’t rise as steeply as they did throughout Autumn, the per-litre costs could rise by more than 30-cents-per-litre.

Why fuel costs are likely to increase next month
Despite an improved performance, it looks like a few things are working against South Africa’s road users. At a time where a good exchange rate could stop the rot, our rand remains rooted at over R14 to the dollar.

Furthermore, an additional Carbon Tax is being added on to the standard price of fuel. The initiative was given the green light during the Budget Speech in February, and another nine-cents-per-litre is getting added on to the bill.

Mzansi’s fuel supply is almost wholly reliant on imports and international markets. So wh
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