Future fuel price increases??

Agent_Smith

Agent_Smith

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This is from iol.co.za. Not even a joke anymore.. :( :(

Petrol price could reach R16/l: AA

Johannesburg - If the rand's depreciation continued unchecked, a petrol price of R16 per litre was possible in the medium-term, the Automobile Association said on Monday.

“On December 27, a dollar cost R10.35. By January 27 it cost R11.20. Meanwhile, international petroleum prices have ticked up slightly since our last review of fuel price trends in mid-January, so it's a double whammy for motorists,” the AA said in a statement.

Last week, SA Reserve Bank governor Gill Marcus said the weak rand exchange rate affected the petrol price, which in December and January increased by an accumulative 55 cents per litre.

A further increase in the petrol price of 30 cents per litre was expected in February due to the weak exchange rate.

The AA expressed concern that the knock-on inflationary effect of the recent fuel price hikes would send further shocks into the economy.

Last year's credit data showed that almost half of credit-active consumers had an “impaired” credit record.

“We believe it will be very difficult for such people to absorb the effects of ongoing fuel price increases,” the AA said. - Sapa
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Agent_Smith said:
Ouch mate, ouch! Sell it and buy a bicycle! Better yet, don't drive anywhere anymore, just play D3!
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LOL!

Bicycle in this weather, no thanks ;) D3 - not till the expansion!
 
Kill the middleclass. Thats what the government is doing. Trying to make us all minnions. South africa 2030, Super rich and super poor only. ANC till Jesus comes.
 
Filled up my car yesterday, it was not empty since I only have to fill it every 40 ~ 50 days but at least I save a bit.
 
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