THE PETROL PRICE IN SOUTH AFRICA IS WELL ON-TRACK FOR YET ANOTHER INCREASE
15 April 2019, Cape Town:
The petrol price in South Africa is well on-track for yet another increase. The Central Energy Fund (CEF) is expected to update their data on fuel costs later on Monday, but their reading from the weekend isn’t a pretty sight.
Their numbers suggest that a 55-cent-per-litre increase is on the cards next month, with diesel also getting nudged-up by five cents per litre.
(All prices based on rand-per-litre)
Despite an improved performance for the rand against the dollar – which managed to drop below the $1 : R14 threshold last week – it seems the rising demand for crude oil will end up shafting motorists in the next couple of weeks. The per-barrel price is now above the $70 mark, after flirting with $50 over the festive season.
Christmas was certainly a cheery time for fuel consumers, but that goodwill has not made it through to Easter. There will be no resurrection in the fortunes of ordinary South Africans looking for relief at the pumps.