Government is considering fixing a maximum price for unleaded fuel to cushion the country from escalating prices, Energy Minister Jeff Radebe said on Thursday. “Government is deeply concerned by the rising cost of petrol in South Africa which is largely caused by the rand dollar exchange rate, and the price[…]
Motorists should brace themselves as the price of petrol is set to sky-rocket to its most expensive yet come Wednesday. According to the latest increase announced by the Department of Energy (DoE), the price of unleaded 93 petrol will therefore rise 99c‚ unleaded 95 R1 and diesel R1.24. Illuminating paraffin[…]
The fifth fuel price hike for this year will take effect at midnight. Petrol and diesel will go up by around 26 cents a litre, paraffin by 22 cents a litre and LP-Gas by 37 cents a kilogram. The Department of Energy says the main reason for this fuel price[…]
South Africans will have to dig even deeper into their pockets after massive fuel prices hikes this coming week. The Department of Energyon Saturday announced the fuel price adjustments for April. The department announced that petrol 95 (both ULP & LRP) will increase by 88c a litre and 93 (both[…]
One decision that will push the rating agencies to downgrade South Africa to “junk status” is the approval of the nuclear procurement programme, according to emerging markets economist Peter Montalto of Nomura. South Africa is currently placed one notch above “junk status”, officially known as non-investment grade. The next step[…]
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