Motorists are in store for another price hike come Wednesday
Data from the energy fund warns of a significant increase for all grades of fuel
Economy hitting geopolitical tensions, pressure on consumers and load-shedding will likely stick around
The increase will probably add to the South African Reserve Bank’s hawkishness, with analysts expecting another large repo rate hike on Thursday
But prices are expected to remain higher for longer in the wake of a tighter oil market
Two of the monetary policy committee’s five members preferred an even more painful 100 basis point hike, as bank remains hawkish
It is worthwhile for government to find more effective policy responses instead of a universal subsidy response
Rail workers have already staged a series of stoppages to press for better pay as Britain’s headline inflation reaches a 40-year high
Some of the conditions in which the July unrest occurred have abated but others, such as the spiralling cost of living, have worsened
The ability of informal traders to absorb any more shocks — suchas the fuel price hike — has reached zero
The financially stretched middle class is teetering on the brink as fuel and food prices gnaw at their disposable incomes
Over the past year, the price of petrol in Sudan has risen by 132%, the steepest increase on the continent. Although economic factors play a role, the country’s generals also have a lot to answer for.
There is a lot bearing down on South African consumers and, without growth, the economy stands to decline
But the wholesale price of diesel and illuminating paraffin will go up
The emergency fuel-price intervention was announced by the treasury in the parliament on Thursday afternoon, in light of skyrocketing global oil prices
Consumer inflation is expected to remain close to the central bank’s 6% ceiling, amid war-induced oil price rally
But ‘we are not there yet’ says the department of mineral resources and energy
The last time the fuel price was not increased because of a change in either the fuel levy or the Road Accident Fund levy was in 1990
The threat of a major war in Europe has kept global financial markets on tenterhooks
Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track
The breakdown of the oil-producer alliance could cause already high prices to spike
South Africa is behind others on e-mobility policy. But it’s not too late
The AA forecasts 95 octane will drop by 5 cents a litre and 93 octane by 20 cents
The price drops will come into effect on Wednesday January 2 2019
‘My immediate reaction was to think of ways to combat the grave injustice of the petrol price’
Our readers write in about the Mail & Guardian’s bias and a writer’s attack on his ‘favourite whipping boy’
Ways to cushion the knock-on effects, to protect the poor in particular, must – and can – be found
The department of energy announced that petrol prices would increase 49c/l on May 2, while diesel will increase by 59c/l at most
Wondering why petrol is so pricey? The AA has published a breakdown to educate consumers on how the fuel price is determined
The latest decrease in petrol prices comes on the back of a sterling rand performance against the dollar.
The Department of Energy announced on Monday that a litre of 95 octane petrol will cost R14.01 inland and R13.52 at the coast from Wednesday.
The currency is much weaker than it was then, but crude was more than double its current value.