Attorney Michael de Broglio on: South Africa, Law, Politics, Attorneys, Sport, Photography, Technology, Gadgets, Media, Crime, Road Accidents Fund,
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We really are beginning to see a combination of unfortunate things increasing the price of petrol. At lot of attention is given to the 31% of the petrol price that is in taxes, some of which gives us the valuable benefit of the Road Accident Fund, but that is not the main cause of the cost of petrol. The main cause is the rising price of oil and it is rising at the same time that the Rand is weakening against the Dollar. It means that the price the country is paying to bring it in is increasing, and as long as the price of oil keeps going up and the Rand keeps weakening, there will be little or no mercy! In fact, right now the Rand is trading at a weaker rate than the average for the last month, which was R14,81. That means, all things being equal, we might very well be looking at another petrol price increase next month, despite the shock of this month’s increase. R19,64 a litre is extremely expensive – and it looks certain that we could be paying R20,00 soon if things don’t improve.
Quite coincidentally, just ahead of the elections, the Department of Mineral Sources and Energy, who used to publish the changing petrol price on a daily basis, decided that they will only update it twice a month in future, once at mid-month and the other at month-end with an improved press release. One can thus no longer look up the daily basic fuel price and speculate as to what increase will happen at the end of the month.
Posted by Michael de Broglio on Wednesday 10-Nov-21
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Comments
Ziyanda said:
on Tuesday 07-Jun-22 04:31 PM
The increase in petrol is ridiculous and making everything extremely expensive. It is really stressful.
Daniella said:
on Tuesday 11-Jan-22 08:55 AM
The price hikes in fuel really just make everything so expensive.
Melissa van Tellingen said:
on Monday 13-Dec-21 12:03 PM
Life is getting extremely expensive. Everything is going up. And just in time for the festive season of course. It's getting out of hand.
Franzelle Ekron said:
on Wednesday 01-Dec-21 03:54 PM
The increase in the fuel price is ridiculous.Cost of living is so high. It is very stressful.
Ashleigh said:
on Tuesday 30-Nov-21 07:33 AM
Well we are now going to now start paying R20 a ltr from tomorrow the 1st December and like usual when petrol goes up so does everything else. People are suffering as is and things just keep increasing... Interest rates have gone up too now. When can we have a relief is the big question... I don't think this country has any offers for relief for its citizens.
Sinead said:
on Monday 29-Nov-21 04:44 PM
This is getting a bit out of hand now... And it's going up again in December. 81c for petrol and 72c for diesel. Ridiculous!!!
Soon enough it will be a case of staff having to take leave because they can't afford to get to work.
Wouldn't it have been lovely to have a "Black Friday" special on petrol?! And to think petrol cost R12.02 in May 2020, even though we were all locked down and couldn't go anywhere anyway...
Prishani said:
on Monday 29-Nov-21 04:34 PM
This is really not great news, I think it really dampens spirts especially for this time of the year.
Helen said:
on Monday 29-Nov-21 02:25 PM
It is like the chain reaction, first petrol price increase, then South African Reserve Bank increase prime rate to 7.75% (by 0.25%) and now we will start noticing price increase on all the food, electricity and water.
Not positive notes to meet Christmas this year.
Shalane said:
on Monday 29-Nov-21 08:57 AM
The increase in the fuel price is ridiculous, how are we suppose to live with everything else also increasing in this country...Cost of living is so high. It is very stressful.
Danielle said:
on Monday 29-Nov-21 08:40 AM
The price of petrol is really expensive and it is sad to say that we cannot trust public transport. There is no way out on this one as we need the petrol to travel. The electrical cars was an option at one point but was not much of a success.
Zandelee said:
on Friday 26-Nov-21 04:56 PM
Considering how the fuel prices are now at a record high I think a review is long overdue. There should be greater transparency in how contributions to the fuel levy are used and managed and whether it is necessary.
Brenda Strydom said:
on Friday 26-Nov-21 04:51 PM
The fuel price is Crazy in South Africa. We all struggling to stay a float with all this fuel prizes that is going up.
Angelique said:
on Friday 26-Nov-21 11:23 AM
The weakened rand and petrol price is crippling us. When I filled up I got such a shock because in the price difference of what I was use to it being when filling up. Are there any fuel stations partaking in Black Friday specials lol. The fuel increase is definitely going to delay economic recovery and is an additional burden to the economy.
Sune said:
on Wednesday 17-Nov-21 04:34 PM
The fuel price is definitely killing ones budget at the moment, hopefully things will turn around soon.
Claudia B said:
on Wednesday 17-Nov-21 03:31 PM
Everything is getting so much more expensive now. I don't think that the petrol price will drop any time soon.
Kelly said:
on Wednesday 17-Nov-21 01:30 PM
Wondering what the petrol price in Washington is?
Ziyanda said:
on Friday 12-Nov-21 04:07 PM
Very soon we will be working to just travel to work as taxi and bus fares will be going up. The sad part with taxi and bus fares is that when the petrol price goes down they don't decrease.
thembi said:
on Friday 12-Nov-21 09:21 AM
We just waiting for increases from the taxis and buses this petrol keeps going higher and higher.
Victoria Dougans said:
on Thursday 11-Nov-21 02:27 PM
Petrol is really expensive and I don't think it will be coming down anytime soon. Everything is expensive lately.
Chante said:
on Thursday 11-Nov-21 08:33 AM
The price of petrol is ridiculous. Hopefully the rand will increase and the oil will also become less expensive.
Fikile said:
on Wednesday 10-Nov-21 01:40 PM
Petrol is really expensive now and I just hope that it doesn't increase again because if it does then taxis and buses will have to increase their prices also and that will be hard on the passenger. Increase of Petrol only means increase of food and already people are struggling and it will get worse.
Roxanne Rautenbach said:
on Wednesday 10-Nov-21 01:29 PM
The rising price is crazy, soon we will be working just to get to work and nothing else. ANC needs to fall as majority of this money is going in their pockets and not even into the country
Mbali said:
on Wednesday 10-Nov-21 11:55 AM
This is insane, how are normal working people suppose to get to work and manage with this insane petrol costs. I just hope and pray they don't increase bus and taxi fare otherwise I'm dead.
Lauren said:
on Wednesday 10-Nov-21 11:22 AM
The fuel price is definitely killing ones budget and unfortunately it is one of those things you cannot cut out as we do not even have reliable public transport.
Melissa said:
on Wednesday 10-Nov-21 10:50 AM
It's ridiculously expensive and it's just going to get worse, unfortunately nothing we can do about it
Megan said:
on Wednesday 10-Nov-21 09:45 AM
We're just waiting for the day everything becomes unrealistically expensive that we can't afford to live without being in debt, struggling to stay a float and begging more Countries to bail us out. Just keep creating debt...
Casandra said:
on Wednesday 10-Nov-21 08:55 AM
I'm seriously just considering on taking a bicycle to work everyday at this point
Mary said:
on Wednesday 10-Nov-21 08:37 AM
its very expensive, impilo enzima
Clare van Vuuren said:
on Wednesday 10-Nov-21 08:36 AM
The petrol price is just increasing and increasing, I am going to be working for Petrol soon and not to look after my family. Everything is getting more and more expensive now days its so sad. Life is just expensive.
Lucretia said:
on Wednesday 10-Nov-21 08:33 AM
The rising cost of petrol is killing the average person slowly. What used to cost me R900.00 per month to come to work is now costing me over R2000.00. It is a worrying factor because our transport system is non existent and, therefore, we have not choice but to use our own vehicles.
Shona Lee Baggott said:
on Wednesday 10-Nov-21 07:42 AM
the price of living is affected as well as everything becomes more expensive we have to also find cheaper options to survive
david said:
on Wednesday 10-Nov-21 07:32 AM
R15.50 Lesotho petrol price
R13.15 Swaziland petrol price
these are prices at 10 november 2021.
both countries get their petrol from South Africa...
just another case of south african's being screwed by the ANC.
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!
