Petrol price to remain at R7.65

South Africa's petrol price is to remain unchanged at R7.65, the Department of Minerals and Energy announced on Friday.

The cost of petrol will not change when government makes its adjustment in the first week of November.

However, the price of Diesel 0.05 percent Sulphur wholesale will increase by 10 cents a litre, while Diesel 0.005 will increase by eight cents a litre.

The wholesale price of illuminating paraffin is to increase by 14 cents and the single maximum national retail price for illuminating paraffin will increase by 19 cents.

"During the period under review, the average international product prices of Petrol, Diesel and Illuminating Paraffin increased," said the department. - BuaNews

Good news, considering oil prices went up $11 and the rand depreciated by 40C in a week.

Don't think it will stay there for long. Unless government made a fat profit there or you going to see quite a substantial hike in the next few weeks.

Now we have all of the economics fundis on TV saying how wonderful it would be to have a weak Rand!!

Wonderful for the big exporters, end of story...it simply gives the government another excuse to rake in taxes via massive petrol price hikes...and of course none of them actually PAY for the blasted petrol in their BMW 750iL's!!

Awesome news, hope it stay that way till after Christmas and comes down in the New Year or am I dreaming?

With recession ended in the US, I doubt it.
Holiday season around the corner, they are set to spend. Oil prices will rise, high.