The retail price of petrol will increase by eleven cents per litre from Wednesday.Some good news however is that the illuminating paraffin price will drop by 2 cents, and diesel users are also set to experience some relief with the price expected to go down by between 13 and 14 cents a litre.
Spokesperson for the AA, Layton Beard explains the price hike, “The real drivers behind these change is international petroleum prices which have remained relatively flat. Although we are seeing that they’re climbing at the moment, and a weakening rand-dollar exchange rate…” “When we look, however, at the numbers that are coming through for the rand-US Dollar exchange rate over the last couple of days, it’s something that we are going to have to monitor and it’s going to be interesting to see how that’s going to impact on the fuel price going forward,” adds Beard.
Do Court battles strengthen the rand or weakens it? If period taken and money spent on Court battles was less, the value of rand would have appreciated and continue rise as finding one another, would be enhanced prospects of stability,unlikely of petrol price rise. Pancho Hajane
Its sad news
Not that I do not like paying for petrol, no; I'd be wrong. Its just that the rapid increase of petrol prices last year terrified me! I just hope it doesn't get more by day.
chwepheshe_z 😤😤
No free rides
We are in crc trouble
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