Another petrol price hike incoming

[James]

The price of petrol (95ULP) will increase by 10 cents a litre at the coast and 12 cents a litre in Gauteng, with effect from midnight on Wednesday.

The wholesale price of diesel with a sulphur content of 0.05 percent will rise by seven and nine cents a litre respectively, and that of diesel with a sulphur content of 0.005 percent by eight and 10 cents a litre, the energy department said on Wednesday.

The wholesale price of illuminating paraffin would increase by 30 cents a litre at the coast and 26 cents in Gauteng,...read more here: Another petrol price hike incoming

[Lyt]

Wtf why more in Gauteng? Why milk us more than the coast guys.

[HavocXphere]

Wtf why more in Gauteng? Why milk us more than the coast guys.

its always been like that.

transport costs. moving tons of (flammable) liquid is not exactly free.

i think the price difference is more of a guesstimate than a reflection of actual transport cost though. esp now with the pipelines in the east.

[McT]

There is also the cost of the pipeline from Durban, I think, which pumps oil/fuel to Gauteng-a-leng.

[z1oc]

sigh waiting for the day it will cost R20 a liter

[TBlaar]

Dis om van te kots!!!!

[Glordit]

No surprises, petrol and fuel is a non renewable resource the price will be going up till we run out of it.

[czc]

Even though the oil price went down. New taxes and a weak rand still screw us over.

[HavocXphere]

No surprises, petrol and fuel is a non renewable resource the price will be going up till we run out of it.

The price inc has little to do with the amount of oil in the ground.

OPEC has essentially a monopoly & they make the price whatever they feel like.

There is lots of it though....e.g. the alberta oil sands. Way more oil than say saudi. And at current prices production is already profitable. Tech exists too.

Its politics & money, not oil reserves that are the issue.

Also...thx mct

[TheAvenged87]

sigh waiting for the day it will cost R20 a liter

Not far off at all.

Even though the oil price went down. New taxes and a weak rand still screw us over.

The Rand plays a major factor here. As soon as it gets stronger, and if the oil price goes lower or stays at current levels, we'll see some relief. The taxes are nailing us though, Road Accident Fund increase still needs to happen, I think.