SA petrol price to drop by 99 cents next week

[BusinessTech]

SA petrol price to drop by 99 cents next week

The pump price for a litre of petrol will be 99 cents a litre cheaper for all grades from next Wednesday.

 

[Rickster]

Strike = lower prices?

Does not compute.

 

[R13...]

Strike = lower prices?

Does not compute.

How do you make the connection to the strike? You do know how the fuel price is determined, right?

 

[RichardG]

Stronger Rand probably contributed

 

[SilverCode]

Petrol price drops by 99 cents. Government realises it can increase petrol price to cover budget deficit. Petrol price increases by 99 cents. Rinse and repeat.

If the Government could figure out how to actually budget properly and ring-fence funds, we could probably drop the petrol price by 40% and it could stop being the whipping boy for incompetence. Drop in petrol price would have a knock on effect to food and other daily consumables, saving people more money meaning there is more money to spend in other areas, stimulating the economy and strengthening the rand.

 

[tsume]

*increases tinder range by 1km*

 

[ToxicBunny]

Diesel drops by 73c a litre for those not feeling like reading the article.

 

[Hamish McPanji]

*increases tinder range by 1km*

Lol

 

[PhireSide]

Yeaaaaaaaah. At least now the ridiculous grocery prices will drop too!!

/sarcasm_off

 

[freddster]

Petrol price drops by 99 cents. Government realises it can increase petrol price to cover budget deficit. Petrol price increases by 99 cents. Rinse and repeat.

If the Government could figure out how to actually budget properly and ring-fence funds, we could probably drop the petrol price by 40% and it could stop being the whipping boy for incompetence. Drop in petrol price would have a knock on effect to food and other daily consumables, saving people more money meaning there is more money to spend in other areas, stimulating the economy and strengthening the rand.

+ 1. They are idiots. Wondering when its going up by R1+. My money is on October.

 

[braniac]

Diesel drops by 73c a litre for those not feeling like reading the article.

Thanks

*increases tinder range by 1km*

 

[supersunbird]

Petrol price drops by 99 cents. Government realises it can increase petrol price to cover budget deficit. Petrol price increases by 99 cents. Rinse and repeat.

If the Government could figure out how to actually budget properly and ring-fence funds, we could probably drop the petrol price by 40% and it could stop being the whipping boy for incompetence. Drop in petrol price would have a knock on effect to food and other daily consumables, saving people more money meaning there is more money to spend in other areas, stimulating the economy and strengthening the rand.

+ 1. They are idiots. Wondering when its going up by R1+. My money is on October.

They announce fuel levy increases in the budget speech. Which happens in February. That is the only time of the year. Thus they don't get more income directly whether the price goes up or down, at best they get more tax from the petroleum companies (especially Sasol) eventually, but it's only a portion of the increase. The other price changes are worked out in another way and are very public.

So willing to go R50 freddster?

As to stimulating the economy a bit if the fuel price was lower. I agree.