Petrol up again next wednesday

[Tun@]

Johannesburg - Petrol pump prices in Gauteng will increase by 54 cents a litre, or 5.%, from next Wednesday, the government said on Friday.

The energy department said that the pump price for 95 grade petrol would rise to R9.96 a litre in Gauteng from R9.42.

The wholesale diesel price will also increase by 8% to R9.48.

South Africa is a net importer of oil and adjusts its fuel price each month to account for changes in the rand exchange rate, the international oil price and government levies.

The increase is the fifth steep hike in a row, adding to the burden of consumers who are facing an electricity tariff hike from April 1.

http://www.fin24.com/Economy/Motorists-to-choke-on-petrol-spike-20110401

I really don't understand how inflation figures remain constant with all these price increases

 

[boramk]

FFS April Fool Joke PLEASE

 

[Brawler]

fack

 

[Lino]

WTF someone stop this, please FFS are you trying to destroy the economy!!! Fskers

 

[Hard Rain]

More than half of the price per litre is just tax, btw...

 

[Viva]

This is why I try to drive as economically as possible. I'm doing about 16km/l.

 

[[Quattro]]

How much is 93?

 

[boramk]

More than half of the price per litre is just tax, btw...

Fuel has always been heavily taxed. Have they raised taxes?

 

[Tun@]

Fuel has always been heavily taxed. Have they raised taxes?

But the annual fuel levy increase also comes into effect in April. The general fuel levy will be 10c/litre up and the Road Accident Fund levy 8c/litre up.

http://www.fin24.com/Economy/April-wont-be-joke-for-consumers-20110329

 

[boramk]

ouch.

 

[Leostar]

More than half of the price per litre is just tax, btw...

Lets kill the golden goose.
They collected more tax than expected.
WHould love to konw how many millions in petrol tax they get every month to waste.
Not fixing roads for sure.

 

[Stokstert]

Breaking News from a renowned source

Starting in the 2nd quarter of 2011 South African gas stations will start


showing PORN movies on the screens of the pumps so that


you can watch someone else get screwed the same time that


you do!!

 

[genetic]

2008 anyone? Hope there will be a relief within the next few months. I remember in 2000 paying R2.80 per litre.

 

[dualmeister]

Seriously looking at selling my SUV now

 

[sand_man]

Oil $118 a barrel ffs!!!

 

[killadoob]

Oil $118 a barrel ffs!!!

Yea it was 75 dollars 2 months ago or something.

 

[FrankCastle]

So everytime you pomp you getting pumped.

 

[boramk]

I wonder how much the Middle East has impacted our petrol prices.. Maybe 40c? Maybe more?

 

[killadoob]

I wonder how much the Middle East has impacted our petrol prices.. Maybe 40c? Maybe more?

Well dude it was 75 dollars about 2 or 3 months ago, it's now 118-120 dollars. That is a massive jump. I can only see it going higher as well as Libya engage in a civil war and big trouble brewing in the middle east. My father reckons we could see 15 rand by the end of the year.

 

[Hard Rain]

There's no way to truly know the price impact, because the prices are all artificial and distorted. Petrol in South Africa is price-controlled by the government across the country, more than half of it is tax, and the prices paid for the actual oil are manipulated by the OPEC cartel. In a free market it's highly likely oil would be extremely cheap.