AA warns of catastrophic petrol price increase for South Africa - predicts R20 by end of the year

Pixual

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Sep 22, 2006
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The oil producers are reducing output to try and make back in margin what they lost from reduced global fuel use during the pandemic. Consider the losses in revenue when 99% of the world's cars and aeroplanes just stop running. Where do they find that huge hole in revenue? Create an artificial shortage and push up the margins. Simple economics.

Get used to it. Lekker to lock down economies for the protecting of the vulnerable, ne?
 

MightyQuin

Not amused...
Joined
Oct 6, 2010
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25,585
Bring it on....sold my LR V8 3 weeks ago. Driving a VW UP now...jirre, it feels like a go-cart....but uses just about the same amount of petrol.

Next year...cycling as a mode of transport in The Netherlands.
 

Swa

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Be thankful guys. With the big margin on taxes the oil price doesn't have such a big influence as it would have had. The ANC has saved you, see?
 

Thor

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The SA Gov needs to subsidize fuel and drop the levies and taxes on it. Cheap Fuel + Knock on Effect = Immediate 10 fold boost to GDP. Wishful thinking.
 

Mekon

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Oct 12, 2010
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I guess if fuel in this country wasn't taxed and levied to fuk by the camel koch that runs this circus it would be a bit better.
 

Swa

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The SA Gov needs to subsidize fuel and drop the levies and taxes on it. Cheap Fuel + Knock on Effect = Immediate 10 fold boost to GDP. Wishful thinking.
At the very least we should have tax free agricultural fuel.
 

B-1

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If only we could make fuel from cheap coal. Now that would be a thing of beauty.
 

cr@zydude

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And to think just a year and a half ago oil prices briefly tanked to sub-zero numbers on certain international exchanges.

Those were some good days

1 WTI contract, for a few hours, just before it expired.

Global oil demand is strong right now as part of a general energy shortage and commodity upswing.
 

cr@zydude

Executive Member
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Jul 20, 2008
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The SA Gov needs to subsidize fuel and drop the levies and taxes on it. Cheap Fuel + Knock on Effect = Immediate 10 fold boost to GDP. Wishful thinking.

Have you seen how well fuel subsidies go in other countries?

If only we could make fuel from cheap coal. Now that would be a thing of beauty.

Have you seen coal prices lately? RB1 coal is about $230/t at the moment.
 
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