Attorney Michael de Broglio on: South Africa, Law, Politics, Attorneys, Sport, Photography, Technology, Gadgets, Media, Crime, Road Accidents Fund,
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Many ignore the currency exchange rate, thinking that if they are not travelling overseas it is not really affecting them. Nothing could be further from the truth when one has to factor in the costs of petrol. We are looking at a huge increase this coming month, and that is before whatever increases the government puts on general taxes and Road Accident Fund on budget day.
The budget speech will be on 27 February and normally the increases announced then are effective at the beginning of April. That means we are almost guaranteed to see two consecutive months of petrol prices going up and March’s petrol price increase, and of course it depends on how the Rand trades from now until the end of the month, is looking like it could be as much as 85c. Add on an estimate of at least another 20c in government taxes and Road Accident Fund levies in April, and I would suggest it is probably more like 30c, you may well, by the first week of April be paying R1,10 a litre more than what you are now and that is assuming that the Rand stabilises. If we see any further weakening of the Rand it could be as much as R1,50 a litre extra when we already have high prices.
Posted by Michael de Broglio on Friday 01-Mar-13
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Comments
Thabitha said:
on Thursday 07-Mar-13 11:49 AM
Petrol price is a nightmare
sheena said:
on Thursday 07-Mar-13 11:36 AM
Lift Club!!! The only option we have with this ridiculous rising petrol price!!!!
Sundome said:
on Thursday 07-Mar-13 11:12 AM
I agree with Julie, maybe we should start buying scooters, it will be much cheaper. Petrol price is ridiculous
Cornelie said:
on Monday 04-Mar-13 10:55 AM
It is very sad to hear that we will be paying more for petrol. I will soon have to get the bus to work and home how inconvenience is that just to save some money.
Cherise said:
on Friday 01-Mar-13 04:23 PM
The price of petrol has become mad. I actaully have nothing to say its just sickening.
Genevieve said:
on Friday 01-Mar-13 04:01 PM
This is ridiculous. And what can we as consumers do? Nobody takes a stand and we really have no choice, but to try and make a plan. Everything is just getting too expensive.
Sarah said:
on Friday 01-Mar-13 03:08 PM
Petrol goes up and everything else goes up as well. It is a good thing then that I dont't have a car.
thembi said:
on Friday 01-Mar-13 02:50 PM
With everything going up like this means we have to go deeper into our pockets and its not good at all.
Angelique said:
on Friday 01-Mar-13 02:10 PM
I agree with David looks like I will be cycling to work from now on. think my boss may need to invest in a shower at work. But on a serious note it is ridiculous the price of petrol! Hopefully something drastically positive will happen in our country for more people to invest this side!
moenisha said:
on Friday 01-Mar-13 12:44 PM
That's why I travel by bus it's too expensive
Joyce said:
on Friday 01-Mar-13 12:38 PM
Petrol price increase is frustrating I use a taxi and their fee goes high when petrol price increases and their fee never go down even petrol price decreases
Yolandi said:
on Friday 01-Mar-13 12:19 PM
And as soon as fuel prices rise, food prices rice as well. This is becoming ridiculous!!
Claudette said:
on Friday 01-Mar-13 12:18 PM
I think I will have to come to work with my Motorbike. Petrol price is rediculous
Sinead said:
on Friday 01-Mar-13 12:01 PM
When I see 'Petrol Increase' I already think 'Oh my word! Not Again'
benita said:
on Friday 01-Mar-13 11:45 AM
Then I guess it's a good thing that I do not have a car yet
Jessica said:
on Friday 01-Mar-13 11:43 AM
I think I should bring my bed to work along with my family, because at the rate petrol is going, you wont even be able to afford a home. It is hectic and something needs to be done.
Lucretia said:
on Friday 01-Mar-13 11:22 AM
In light of Brenda's suggestion, can I join the lift club. On a serious note though, I have been considering purchasing a scooter to commute to the office and back, however, the carnage on our road is a worrying factor. We really are in a catch 22 situation. Something really has to be done about this to make our roads safer and hopefully more people will "THINK BIKE"
Liesl said:
on Friday 01-Mar-13 11:13 AM
This is very bad news. Everytime the government implements price increases on anything whether electricity or petrol you try an adapt and redo your budget to accommodate. You eventually reach the point where you realise there just isn't anymore room for stretching it.
Brenda said:
on Friday 01-Mar-13 11:13 AM
At this rate I am looking at investing in a tandem bicycle, so that i can start a lift club to work and back.
Juile said:
on Friday 01-Mar-13 11:11 AM
What is there to say? It won't help anyone to complain - buy scooters maybe?
david said:
on Friday 01-Mar-13 11:10 AM
pretty soon i'm going to have to start cycling to work...
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!
