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The next petrol price increase may very well be decided by the currency, which is showing some strength at the moment. The problem though is that the international fuel price has now increased a little bit – costing approximately 36c a litre more, while the exchange rate is marginally positive. If the trend holds, and this blog is based on information available on 16 July 2013, then we are looking at an approximate increase of 35c per litre in August which will then take petrol to the highest price it has ever been in South Africa. Hopefully, before the end of the month the Rand will show some more strength and the international price of fuel will weaken a bit and we could then be looking, quite potentially, at a smaller increase than that.
Posted by Michael de Broglio on Wednesday 24-Jul-13
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Comments
Sarah said:
on Tuesday 30-Jul-13 07:54 PM
There are two major factors influencing the price of petrol, the price of crude oil which escalate due to unrest in the oil producing regions and the R/$ exchange rate which is caused by the incompetent control by the South African government.
moenisha said:
on Tuesday 30-Jul-13 01:36 PM
Wow thatwould be great
Melissa said:
on Monday 29-Jul-13 11:37 AM
Increasing petrol prices will increase all our production prices that will lead to an increase in consumer prices.
salomie said:
on Friday 26-Jul-13 12:44 PM
Absolutely shocking !
Sally said:
on Thursday 25-Jul-13 04:09 PM
Only the rich people will be able to make a living
Corné said:
on Thursday 25-Jul-13 02:09 PM
Terribly depressing.
Juliet said:
on Thursday 25-Jul-13 10:54 AM
Dear South Africans, this is your government, your backs are not yet broken as much as we had hoped, so here is another beating, bend over and take it!
Dear governement, OK. South African citizens.
Juliet said:
on Thursday 25-Jul-13 10:52 AM
I have no words. It just seems like it is always negative news, and we are constantly being sucked dry. What benefits have we as South Africans received in the last 20 years? NOTHING! Not even free medical or education! Everything has just worsened to crisis. Writing timidly about things like this makes it look OK. This is NOT OK! We are being messed around. A few advantaged individuals are enjoying the good life and the rest of us are suffering.
marilie said:
on Thursday 25-Jul-13 07:21 AM
Everthing is increasing ! It is terrible to thing that maybe someday we al are going to be coming to work on bicycles.
Thabitha said:
on Wednesday 24-Jul-13 04:56 PM
I agree with Alexis really something needs to be done.
moenisha said:
on Wednesday 24-Jul-13 04:51 PM
I believe by December it will cost R20 litre
anicia said:
on Wednesday 24-Jul-13 03:22 PM
Hopefully the Internal petrol price will lower a but and the rand will get stronger. We can breathe more easily before the next increase.
Ashleigh said:
on Wednesday 24-Jul-13 12:59 PM
No shock, always going to continue to increase just so that can add to everything else increasing. People are struggling to get to work and hold jobs because of this as well. Very hard times....
Kaylee said:
on Wednesday 24-Jul-13 12:55 PM
I just feel sad thats all
Catherine said:
on Wednesday 24-Jul-13 12:46 PM
There is clearly no end to this.Standard of living is just becoming more expensive by the day.
Sorea said:
on Wednesday 24-Jul-13 12:35 PM
This might just make moving closer to the office a viable option. Sigh ... And most of the new increase will probably go to the political hierarchy's new mansions and cars.
thembi said:
on Wednesday 24-Jul-13 12:24 PM
This absolutely rediculous because when the petrol goes up everything becomes expensive
Helen said:
on Wednesday 24-Jul-13 12:16 PM
Please guys do not make jokes if you will see my bicycle parked outside. The conversation about not even spend money on luxuries - cut off spending on food and pay petrol to get to work!!!
Liesl said:
on Wednesday 24-Jul-13 11:24 AM
A comparison of petrol prices to daily wages finds that a litre of unleaded costs the average South African wage earner a striking 6.5% of their daily earnings. So roughly for every litre of petrol, R3.69 goes towards tax. This means that if you fill a 60 litre tank with petrol, R221.47 goes towards government taxes. These types of findings makes my blood boil when I read articles where millions of rands are spent by the government or government officials that are just not justified.
Bianca said:
on Wednesday 24-Jul-13 11:23 AM
This is outrageous, my opinion remains the same though - cut out the unneccessary luxuries and suck it up... Unfortunate but if you do not have this approach, you will constantly be struggling. And on the positive side, when the petrol price decreases, you can enjoy the blessing of extra money!
Sheena said:
on Wednesday 24-Jul-13 11:20 AM
This is getting absulotly ridiculous now. Agreed with Alexis how are we supposed to survive if prices just keep increasing...?
Benita said:
on Wednesday 24-Jul-13 11:18 AM
Great stuff. Hate when it goes up
Cornelie said:
on Wednesday 24-Jul-13 11:16 AM
When we went to visit my Grandparents in Zimbabwe a few years ago we thought it was funny to pay R13.00 a liter petrol now it is happening in our country, it is not funny anymore when is it going to stop.
Sinead said:
on Wednesday 24-Jul-13 11:16 AM
Wow. I'm not even surprised -_- Can we just grow wings one day and learn to fly?
Angelique said:
on Wednesday 24-Jul-13 11:14 AM
This is so ridiculous. I cannot deal. I cant even pretend to be shocked anymore. Less money for everything else and more money for petrol. When will we ever get a break?? New government please.
david said:
on Wednesday 24-Jul-13 11:11 AM
YIPEE!!! Another new record.
Lourien said:
on Wednesday 24-Jul-13 11:07 AM
The Petrol price won't ever stop increasing. I am seriously thinking of getting something lighter on petrol... Maybe a scooter...
Alexis said:
on Wednesday 24-Jul-13 11:06 AM
How do they expect us to survice - everything goes up and all we do is suffer
Julz said:
on Wednesday 24-Jul-13 11:04 AM
Sigh.... The awesome blessing of being a home executive....
Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
