Fuel Price Fraud

[daysleeper]

Something is going down in the price of fuel.

Its going up 30c in march and a minimun 40c in april, when the dollar and crude price is more or less static.

Something is wrong here!

http://www.fin24.com/articles/default/display_article.aspx?Nav=ns&ArticleID=1518-25_2471673

 

[PeterCH]

Something is going down in the price of fuel.

Its going up 30c in march and a minimun 40c in april, when the dollar and crude price is more or less static.

Something is wrong here!

http://www.fin24.com/articles/default/display_article.aspx?Nav=ns&ArticleID=1518-25_2471673

Trevor Manuel is taxing the fuel. It was in his budget speech. The ANC needs money for elections.

 

[Gothan]

Yes TM is taxing fuel, but that was about 15c, remember the RAF contribution is comming down, so there will be an increase but 40c is rediculous

 

[Other Pineapple Smurf]

Also remember that our pump prices are 3 months behind. You need to look at the economic situation then but not forgetting Trevors fuel levy increase.

 

[daysleeper]

but then this creates a circle argument.

raise feul, food and inflation goes up then so do interest rates because its not in the governments 3-6% cpi range.

 

[Surv0]

F*k trevor and F*k the ANC and F*k the increase in fuel...

 

[Sneeky]

Viva

 

[marine1]

And people moan when i complain? ROFL

 

[stix]

Yes TM is taxing fuel, but that was about 15c, remember the RAF contribution is comming down, so there will be an increase but 40c is rediculous

41 cents fuel tax

 

[SaltyCrak]

F*k trevor and F*k the ANC and F*k the increase in fuel...

Dude, trevor's doing a much better job than any of the other monkeys up in the trees above us.

 

[killadoob]

Also remember i am sure the dollar price effects as well, so while it may be static the rand may have lost 15 or 20c to the dolla.

 

[PeterCH]

Also remember i am sure the dollar price effects as well, so while it may be static the rand may have lost 15 or 20c to the dolla.

Rand has actually recovered from November. It was 12.50 now under 10.

 

[kiepie]

Remember although oil seems static, in previous months, it went down as low as $33 and then again to $36-$37 for more than a week. Currently it is between $42-$45

 

[kiepie]

Rand has actually recovered from November. It was 12.50 now under 10.

According to the CEF website the reduction of January should have been around 65c, it was a reduction of over the R1.30. So I understand the 50c-60c increase we had in February.

The current under recovery is about 68c on their website, so 30c sounds good to me.

 

[kiepie]

Something is going down in the price of fuel.

Its going up 30c in march and a minimun 40c in april, when the dollar and crude price is more or less static.

Something is wrong here!

http://www.fin24.com/articles/default/display_article.aspx?Nav=ns&ArticleID=1518-25_2471673

Read the article at least is is 60c and not 30c!!!

 

[metalcore]

And people moan when i complain? ROFL

Im eating some of my own words now. LOL I didnt realise fuel was scheduled to go up inspite of no known oil price hikes in the future.

 

[marine1]

Im eating some of my own words now. LOL I didnt realise fuel was scheduled to go up inspite of no known oil price hikes in the future.

 

[DragonLogos]

people are moaning about it in the UK and USA - CNN thinks it is the Oil companies sticking it to us to make up for lower sale volumes, re-doing budgets and all that. Also a good time to stock pille, maybe there is a offset clause to do that.

 

[RandomDesign]

Q1 - where did our fuel come from in the 80s? Sasol? who got it from... where? what? they made it? oh. but... no nevermind.
Q2 - why doesn't the govt buy futures contracts when the prices are low? or is that fancy-pants sort of economics better left to the first world?

 

[PeterCH]

According to the CEF website the reduction of January should have been around 65c, it was a reduction of over the R1.30. So I understand the 50c-60c increase we had in February.

The current under recovery is about 68c on their website, so 30c sounds good to me.

The thing is that Trevor should not add extra tax. I know we can't control the oil price - but we can not inflate it further by laying on more tax. Everying is so expensive nowadays and they add more tax. That is simply STUPID. It's a typical tactic in SA to f-k over the consumer even more. Now instead of buying goods people will have less money and there will be more unemployment because of fewer sales. Govt will earn less VAT, company and income tax.
But I guess they don't see it that way.