Attorney Michael de Broglio on: South Africa, Law, Politics, Attorneys, Sport, Photography, Technology, Gadgets, Media, Crime, Road Accidents Fund,
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We are looking at another substantial petrol decrease at the beginning of December. That will certainly help people get into the Christmas mood and cheer up a lot of people. Of course, typically speaking, during the northern hemisphere winter, prices do go up but at the moment oil is on a slide. What that price will be is going to depend entirely on the Rand’s strength, but at mid-month we were looking at a decrease of as much as 65c a litre and, if somehow, the Rand can show some strength, it could be a lot more. It is unfortunate that due to currency weakness, we are not getting the full benefits of the sliding oil price, with the movement in the exchange rate adding to the cost, while the oil price comes down.
Posted by Michael de Broglio on Thursday 20-Nov-14
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Comments
Jade said:
on Friday 21-Nov-14 02:34 PM
It really is perfect timing what with families taking road trips down to the coast for the holidays. It will be great to save some money to spend towards Christmas presents, or save for when money is a little tight at the end of December.
Kaylee said:
on Thursday 20-Nov-14 04:45 PM
Great News!
Sinead said:
on Thursday 20-Nov-14 04:35 PM
This is brilliant news!!! I don't want to jinx it by saying it will increase again in January but it probably will... Hopefully it won't be too bad though...
Nikita said:
on Thursday 20-Nov-14 04:05 PM
More money for Christmas presents!
Thabitha said:
on Thursday 20-Nov-14 04:01 PM
Good news more especial during festive because people travel alot
Marisa said:
on Thursday 20-Nov-14 03:32 PM
It really is good news but just want to know how long after that it is going to be higher then we are paying now
Catherine said:
on Thursday 20-Nov-14 03:22 PM
Great and welcome news towards the end of the year.
patrick said:
on Thursday 20-Nov-14 03:19 PM
OPAC's problems should continue.
they bring good news to this side of the world.
Elektra said:
on Thursday 20-Nov-14 01:05 PM
Couldn't have come at a better time.
Jolene said:
on Thursday 20-Nov-14 12:26 PM
Very good news!
Jessica said:
on Thursday 20-Nov-14 11:32 AM
Yay 65c today and then a R 1.50 increase the month after lol.
Safia said:
on Thursday 20-Nov-14 10:18 AM
still pity we cant ride bikes to work or have public transport , it would save so much money not to have this cash gobbling 4 wheels we have to drive ourselves around.
insurance,petrol,monthly car payments,new Tyre, always fixing something etc etc etc.
a house, a car and a kid that is all you need to be broke for ever.
Marzelle said:
on Thursday 20-Nov-14 09:43 AM
That's awesome news, especially for the ones that travels far to work, but I'm sure it will go up again next year.
Liesl said:
on Thursday 20-Nov-14 09:07 AM
Let's hope the media is correct about the amount it's anticipated to drop by. I know after a drop in price it goes up substantially thereafter but for now I'm still going to do a little dance
Lucretia said:
on Thursday 20-Nov-14 08:51 AM
Every cent helps at the moment. I remember in 2006 buying a small car with a small tank that cost me R190.00 to fill the tank :-). That same small car is now costing R470.05. Yes we may be amongst the world's cheapest, petrol wise, every cent still help the consumers. Let's hope 702 was correct yesterday when the said, 72c.
Lizanne said:
on Thursday 20-Nov-14 08:50 AM
This is good news. I also agree with Brumilde that the fuel prices will probably go up more that it goes down.
Alexis said:
on Thursday 20-Nov-14 08:33 AM
AWESOME news. Especially before the holiday season, give the people a bit if a break
Angelique said:
on Thursday 20-Nov-14 08:33 AM
That's fantastic news especially during a time where one travel's substantially more than anytime of the year. I think more people will be on the roads this December, which is not necessarily a good thing.
Mathilda said:
on Thursday 20-Nov-14 08:29 AM
Always great news to get before the holiday :)
Ashleigh said:
on Thursday 20-Nov-14 08:07 AM
Great to hear. Hopefully food prices can also come down now too.
Zindy said:
on Thursday 20-Nov-14 08:03 AM
Awesome news!! :) Lets hope that it stays this way for a while and not sky rockets in January when cash is tight for most people after the festive season.
Brenda Du Toit said:
on Thursday 20-Nov-14 07:58 AM
Good to hear .hope it stays that way .It needs to go down more
Lourien said:
on Thursday 20-Nov-14 07:55 AM
Wonderful news, this means more driving around... This holiday already sounds better...
Sarah said:
on Thursday 20-Nov-14 07:53 AM
I am glad to hear that. It must stay that way ,
david said:
on Thursday 20-Nov-14 07:52 AM
hallelujah!!!
i have a 2.5 litre, turbo charged, 4wd Subaru, which loves petrol, very, very much...
i'll be able to afford food again.
Melissa said:
on Thursday 20-Nov-14 07:51 AM
Wow That's good news. It must just stay that way now.
Sally said:
on Thursday 20-Nov-14 07:40 AM
Good news, especially for the people going on holiday.
Brumilde said:
on Thursday 20-Nov-14 07:36 AM
Yeah. great news. but like always it will probably go up more than it goes down
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!
