The petrol price will drop by 99c on Wednesday, but motorists might find they are unable to buy any fuel at all due to an industry-related strike.
The pump price of petrol will rise by 52 cents a litre (c/l) for all grades, while diesel will increase by a whopping 76 c/l.
Inflation figures are good, but uncertainty over the oil price raises a question about interest rates.
IMF revised its growth forecast for sub-Saharan Africa down to 4.9% from 5.8% in 2015, and SA’s growth has been reduced to 2.1% from a previous 2.3%.
Motorists no longer have to fork out an extra three cents per litre on petrol and diesel as new pipeline capacity comes online.
The price of both grades of petrol will from December increase by 17 cents a litre and diesel by 10.12 cents a litre, says the energy department.
Wage negotiations ensured an 11.6% increase for attendants, but it’s motorists who will foot the bill.
The National Taxi Alliance has called on the government to give the taxi industry a fuel subsidy.
Petrol pumps around Gauteng and other provinces have begun to run out of fuel, and things could get worse if the transport strike is not resolved.
Petrol prices could rise by another 20c/litre, despite a 93c/litre hike that kicked in on September 5.
The energy department says the retail price of all grades of petrol will increase by 93 cents per litre next week.
A lawsuit has been brought against Nigeria’s president for using armed soldiers and tanks to stop a protest in the city against high petrol prices.
The petrol price will rise by 28c a litre next Wednesday. Diesel with 0.05% sulphur will increase by 10.38c a litre, and diesel with 0.005% by 9.38c.
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/ 27 January 2012
The petrol price will rise by 34 cents a litre at midnight on Wednesday next week, the department of energy has announced.
The retail price of all grades of petrol will increase by 17 cents a litre on Wednesday, the energy department has announced.
The retail price of petrol will drop by more than 30c a litre on Wednesday. The price of paraffin will also be lowered, the energy department says.
Oil prices fell to near $112 a barrel on Friday in Asia as slowing US economic growth blunted crude’s 33% gain over the past two months.
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/ 24 February 2011
Motorists should brace themselves for a sharp increase in the petrol price over the next few months, according to an economist.
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/ 14 December 2010
South Africa’s targeted consumer inflation quickened slightly more than expected in November.
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/ 29 October 2010
South African petrol pump prices will increase by 20 cents a litre, or 2,46%, from November 3, the government said on Friday.
The price of all grades of petrol will drop by 10 cents a litre on Wednesday, the energy department said on Friday.
The price of all grades of petrol will drop by 10 cents per litre on Wednesday next week, the Energy Department said on Friday.