Petrol price to decrease by R1.84c per litre

[bwana]

South Africans will be paying R1.84c less in Gauteng for a litre of both grades 93 and 95 of petrol from Wednesday, according to the department of energy.

Diesel will decrease by R1.45c and R1.47c, while illuminating paraffin will decrease R1.33c and R1.87c.

More: https://www.fin24.com/Economy/petrol-price-to-decrease-by-r184c-per-litre-20181202

 

[BBSA]

 

[APoc184]

Nice.

 

[bwana]

Nice.

Yeah, it’s going to make running the generator more affordable.

 

[ForceFate]

They should just leave it at the current price and build reserves for when the currency misbehaves wildly.

 

[Milano]

They should just leave it at the current price and build reserves for when the currency misbehaves wildly.

Seem to recall shenanigans with reserves.

 

[R13...]

They should just leave it at the current price and build reserves for when the currency misbehaves wildly.

The money will probably just end up appropriated for some other purpose. The economy is in need of a bit of a breather.

 

[ɹǝuuᴉM]

For the second time petrol drops much more than diesel! I know election is not far away but my goodness, you'll pay dearly for this cross subsidisation. Watch the inflation in 6 months or so.

 

[ForceFate]

For the second time petrol drops much more than diesel! I know election is not far away but my goodness, you'll pay dearly for this cross subsidisation. Watch the inflation in 6 months or so.

Happens most of the time actually. Check stats for the past 5 years and stop your garbage.

 

[ForceFate]

Seem to recall shenanigans with reserves.

Yeah, I remember it. Was it back in 2014?

 

[Milano]

Yeah, I remember it. Was it back in 2014?

Seemed to happen in December 2015..

Oilgate: How insiders stole R1.5bn in sale of SA’s strategic oil stockpile

08:00 23/08/2016

Alec Hogg



In December, South Africa’s government sold its entire strategic fuel reserve, 10 million barrels of crude oil, at a substantial discount to the price at which the commodity traded. It was a stinky transaction.


Firstly, the oil market is in a contango, a period where selling oil for future delivery translates into a progressively higher premium over the spot price. So the further forward you contract the sale and delivery of the oil, the higher the price.

Yet SA’s reserves were sold with immediate effect. For another, the country dumped its oil reserves at $28 a barrel, at least $10 below the market price ruling at the time. Plus there is no international precedent – to our knowledge this is the first time any nation on earth saw fit to expose itself to actually having no oil reserves.

https://m.fin24.com/BizNews/oilgate...-sale-of-sas-strategic-oil-stockpile-20160823

 

[Wasabee!]

Yeah, it’s going to make running the generator more affordable.

Awwww shots fired!

 

[Absinth]

"Elke bietjie help"

 

[Beyond.Celsus]

Decrease by R1.84 today, increase by R2.50 tomorrow

 

[justplain]

Let me know when the price of everything else drops.

 

[ArtyLoop]

Only to be increased by an even larger amount early in 2018..

 

[Nobody Important]

Only to be increased by an even larger amount early in 2018..

Back to the Future?

 

[supersunbird]

Decrease by R1.84 today, increase by R2.50 tomorrow

And if it drops more? Want to put money on your prediction?

 

[Beyond.Celsus]

And if it drops more? Want to put money on your prediction?

What has been the history of the petrol price the last year?
Drops for a while, increases by more than the drop. A while later it decreases a bit then increases again by more than the previous decrease.

True or untrue?

 

[ArtyLoop]

Decrease by R1.84 today, increase by R2.50 tomorrow

The "tomorrow" you refer to will be in early to late January yes?