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Fuel price task team

Drifter

Honorary Master
Joined
Dec 19, 2012
Messages
16,167
#1
Heard on 702 that Ramaphosa started a fuel price task team to see how they can reduce the petrol price. But I cant find anything on the net about it.

Any info out there?
 

envo

Expert Member
Joined
Jan 14, 2014
Messages
2,522
#2
I use something called a "search engine" which allows me to type in keywords like "Ramaphosa started a fuel price task team" and it spits out results found on the internet (it's very complicated, so won't even try to begin to explain how a search engine works)

Here are the first 5 results for everyone who's too lazy to "google it" (not in any particular order):

https://www.timeslive.co.za/news/so...takes-extraordinary-step-over-fuel-price-vat/
http://ewn.co.za/2018/07/07/parliament-welcomes-ramaphosa-s-plans-to-ease-petrol-price-hike-burden
http://www.sabcnews.com/sabcnews/rising-fuel-prices-parliament-to-reconvene/
https://www.news24.com/SouthAfrica/...team-extends-probe-to-municipalities-20180516
https://www.iol.co.za/saturday-star/news/its-cyril-to-the-rescue-15884587
 

Drifter

Honorary Master
Joined
Dec 19, 2012
Messages
16,167
#3
I use something called a "search engine" which allows me to type in keywords like "Ramaphosa started a fuel price task team" and it spits out results found on the internet (it's very complicated, so won't even try to begin to explain how a search engine works)

Here are the first 5 results for everyone who's too lazy to "google it" (not in any particular order):

https://www.timeslive.co.za/news/so...takes-extraordinary-step-over-fuel-price-vat/
http://ewn.co.za/2018/07/07/parliament-welcomes-ramaphosa-s-plans-to-ease-petrol-price-hike-burden
http://www.sabcnews.com/sabcnews/rising-fuel-prices-parliament-to-reconvene/
https://www.news24.com/SouthAfrica/...team-extends-probe-to-municipalities-20180516
https://www.iol.co.za/saturday-star/news/its-cyril-to-the-rescue-15884587
Fahrk me, that's quite a novel idea. You should patent it dude, will make millions. Who would of thought of a "search engine".
 

Drifter

Honorary Master
Joined
Dec 19, 2012
Messages
16,167
#5
A bit more detail on how they are actually going to approach this. What kind of steps do they plan on taking? You know, detail.
 

RedViking

Honorary Master
Joined
Feb 23, 2012
Messages
10,973
#6

GhostSixFour

Mafia Addict
Joined
Nov 9, 2009
Messages
11,402
#7
Reducing the fuel price is one thing, the retailers won't drop their prices. They haven't dropped it once after a fuel price decrease that I can recall..
 

Hamish McPanji

Honorary Master
Joined
Oct 29, 2009
Messages
34,833
#11
Reducing the fuel price is one thing, the retailers won't drop their prices. They haven't dropped it once after a fuel price decrease that I can recall..
Dunno what you're on about. It's government controlled pricing as far as I know. With diesel , variations are allowed because of wholesale.
 

Hamish McPanji

Honorary Master
Joined
Oct 29, 2009
Messages
34,833
#12
A bit more detail on how they are actually going to approach this. What kind of steps do they plan on taking? You know, detail.
They are going to set up office at the Indaba hotel with wags, and figure this out over a few crates of Johnny Walker Blue. This will be on a semi permanent basis until the task team is broken up
 

thestaggy

Honorary Master
Joined
May 11, 2011
Messages
11,717
#14
Typical ANC. Looking for solutions to the problems they created.

Had you stopped Zuma before he pulled the country through his arse the currency would be worth more for a start and that in itself would've seen the fuel price at lower levels. Maybe also stop promising everything for free and you would not have a widening hole in the budget and the subsequent need to hike taxes?

Yes yes, US trade war and all that, but without the economic sabotage wrought by the Zuma administration SA would have more leeway to work with.
 

Kosmik

Honorary Master
Joined
Sep 21, 2007
Messages
17,374
#15
Dunno what you're on about. It's government controlled pricing as far as I know. With diesel , variations are allowed because of wholesale.
He means stores IMPACTED by the increase, never reduce their prices even though the benefit from the decreases.
 

Hamster

Resident Rodent
Joined
Aug 22, 2006
Messages
29,351
#16

Hamish McPanji

Honorary Master
Joined
Oct 29, 2009
Messages
34,833
#17
Food prices, etc.
He means stores IMPACTED by the increase, never reduce their prices even though the benefit from the decreases.
Aaah. Ok. But is the fuel decrease split over a truckload of goods that much to actually affect the price of goods? Would we even notice?

If it's a R1 reduction, that is a less than 10% drop in fuel cost. That doesn't translate to a 10% drop in farming or manufacturing cost. Would probably be a 1-2% drop in total cost.

So instead of paying R19.99 for a bag of onions, you would pay R19.70 . Would you actually notice?
 

Ho3n3r

Honorary Master
Joined
Apr 5, 2012
Messages
16,567
#18
Aaah. Ok. But is the fuel decrease split over a truckload of goods that much to actually affect the price of goods? Would we even notice?

If it's a R1 reduction, that is a less than 10% drop in fuel cost. That doesn't translate to a 10% drop in farming or manufacturing cost. Would probably be a 1-2% drop in total cost.

So instead of paying R19.99 for a bag of onions, you would pay R19.70 . Would you actually notice?
We always notice it when the price goes up.
 

ToxicBunny

Honorary Master
Joined
Apr 8, 2006
Messages
71,905
#19
Aaah. Ok. But is the fuel decrease split over a truckload of goods that much to actually affect the price of goods? Would we even notice?

If it's a R1 reduction, that is a less than 10% drop in fuel cost. That doesn't translate to a 10% drop in farming or manufacturing cost. Would probably be a 1-2% drop in total cost.

So instead of paying R19.99 for a bag of onions, you would pay R19.70 . Would you actually notice?
Except prices go up by like 5% when fuel price spikes... never really drops after that.
 
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