Petrol price increase expected in February

Bradley Prior

MyBroadband Journalist
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Petrol price increase expected in February

The AA has predicted an increase in the local petrol price for February, related primarily to an increase in oil prices worldwide.

“International oil prices have reached a slightly higher plateau after climbing in the first half of January,” said the AA.
 

cr@zydude

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Jul 20, 2008
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For the tin hat crowd, if you actually look at the oil price, you'll see it has climbed drastically the last month;

View attachment 612700
You've got it there, but still won't convince some folks.

To get closer to the petrol price change you can use Brent instead of WTI oil or better yet Singapore and Mediterranean petrol futures as those are what the SA basic fuel price for petrol is based on. They all track relatively closely though.

No matter, I'm sure that someone will be along soon to say that it's Cyril's doing even though the stronger rand is containing the increase.
 
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