Sharp petrol hike on cards

[xrapidx]

I don't get why everything always 'inflates' with the fuel price hikes, but never 'deflates' when the prices come down - so if it goes up, we pay more, if it comes down, we pay the same, if it goes up again, we pay more again...

Seems like a win situation for businesses.

Sharp petrol hike on cards

Consumers should brace themselves for a steep fuel price hike in July.

This is because the daily under-recovery of fuel has slipped to an average of 43.7c per litre for unleaded petrol and 37.1c/l for diesel in the first half of June.

The price of Brent crude oil has risen from about $58 per barrel a month ago to about $70/barrel.

"The petrol price is likely to go up by 42c/l, which is an increase of 5.6% and will have a mild inflationary impact on the economy," said economist Mike Schüssler of Economist.co.za.

Should the trend continue, the price of petrol will increase to about R7.92/l in the interior (about R7.70 in coastal areas), and that of diesel to about R6.82/l (R6.70/l in coastal areas).

The department of energy affairs will announce the new fuel prices on Friday June 26. They will take effect on Wednesday July 1.

 

[The_Unbeliever]

ag no man

that is teh_sux

 

[Master Cain]

I don't get why everything always 'inflates' with the fuel price hikes, but never 'deflates' when the prices come down - so if it goes up, we pay more, if it comes down, we pay the same, if it goes up again, we pay more again...

Seems like a win situation for businesses.

I cannot understand this either.
The rand is 12 % stronger to the dollar. Does it have no influence?
There is a dead rat somewhere. And it stinks to high heaven.

 

[Fazda]

I have watched the recent oil price hike with a bigger and bigger sinking feeling every day.

Grocery prices have still not come down from last year's nonsense, and this will just give everyone the right excuse to bump them up yet again!

 

[xrapidx]

Grocery prices have still not come down from last year's nonsense, and this will just give everyone the right excuse to bump them up yet again!

Thats exactly my point - the prices only go up, never down.

 

[Gaz{M}]

I was thinking yesterday, at what price per litre would I actually seriously start thinking about every single km I drive.

Probably only after about R15 a litre, since my car gets around 8L/100km.

 

[hj2k_x]

I was thinking yesterday, at what price per litre would I actually seriously start thinking about every single km I drive.

Probably only after about R15 a litre, since my car gets around 8L/100km.

When it was around R10,50. I did that every time I went out. 50km = R25

 

[Snormossel]

Thank greatness for company fuel card....

 

[Budza]

Wahh. My commute is a 70km round trip. Every day.

Gonna have to start driving slower. Ah, stuff it. When the price is back to R10 I'll slow down.

140km/h average I'm seeing 7.3l/100km.

 

[Brawler]

****ing bull****

 

[Bona Botse]

Wahh. My commute is a 70km round trip. Every day.

Gonna have to start driving slower. Ah, stuff it. When the price is back to R10 I'll slow down.

140km/h average I'm seeing 7.3l/100km.

so lets say everyone in the country starts driving like a granny. therefore we'd all use less fuel, which means the supply for the fuel would drop. doesn't economics dictate that the price for fuel would also drop? so would it not be beneficial for all drivers if you stopped averaging 140? unless you're rich, of course

 

[marine1]

T.I.A !!!

 

[ld13]

I cannot understand this either.
The rand is 12 % stronger to the dollar. Does it have no influence?
There is a dead rat somewhere. And it stinks to high heaven.

Quite clear to me what happened. No dead rats or whatnot.

The price per barrel was at about $35 early in the year, its now double that. The Exchange rate did not become 50% stronger in the same time to counter it so... Petrol Price ++

 

[Vixremento]

I also travel around 96km per day...and most of it in the friekin' city and packed N1 highway. Seriously everyone who can needs to telecommute...

 

[Lino]

OMG WTF not this again FFS!

I travel at least 100km per a day! OH mother ######

 

[Palimino]

so lets say everyone in the country starts driving like a granny. therefore we'd all use less fuel, which means the supply for the fuel would drop. doesn't economics dictate that the price for fuel would also drop? so would it not be beneficial for all drivers if you stopped averaging 140? unless you're rich, of course

You forget. The faster you go, the quicker you reach your destination, the less fuel you use. QED.

 

[xrapidx]

You forget. The faster you go, the quicker you reach your destination, the less fuel you use. QED.

Flawed - the distance is still the same

 

[ToxicBunny]

Hmmmm..... they need to deregulate fuel yesterday pretty much..

Then we'll see what it REALLY costs if you ask me.. and I reckon we'll see a decent enough drop in the price, if of course all the damn companies don't do some collusion BS as always

 

[Nocturnity]

Read this: http://www.jonway.co.za/site/news/bajaj_xcd_fuel_economy.html

Now, imagine that kind of economy. My car gets about 9l/100km in the city. That thing's almost 9 times lighter than my car!

 

[Bizkit87]

*sigh* 170km round trip per day is also not doing me any favours....