ARTICLES RELATING TO
PETROL PRICE
The price for a litre of petrol is going down by much more than the 64c expected by economists.
Consumers are likely to breathe a sigh of relief, albeit temporarily, as the domestic petrol price is set to decrease next week.
The Department of Minerals and Energy could cut the retail price of petrol by about 71c‚ provided the daily over-recovery remains near the current level.
Kenya's energy regulator has lowered retail fuel prices for petrol, diesel and kerosene, citing a stronger shilling versus the dollar and slightly lower oil prices.
A probe triggered by suspicions that steep petrol prices in Italy were the result of manipulation by top firms, including Shell and Total has been wrapped up.
Proper planning is the way to cope with petrol and electricity hikes which are sure to eat into savings and debt levels in the coming months, caution experts.
Motorist will be forking out more for petrol from next week, the department of energy says.
The petrol price may increase further in Gauteng after Nersa approved new tariffs for Transnet's petroleum pipelines.
Petrol costs more than ever before, so it makes sense for business owners big and small to monitor employees' mileage.
The announcement of a fuel hike and a carbon tax will affect business, the Road Freight Association says.
Although South Africa's petrol is among the world's cheapest, price hikes still hurt consumers where it matters most – in their pockets.
Bloomberg sorts 60 countries by average price at the pump and by "pain at the pump" - the percentage of average daily income needed to buy a gallon of fuel.
Motorists will have to dig deep from next Wednesday when the petrol price goes up by more than 80c a litre.
The high price of oil and the weaker rand have contributed to the higher cost of fuel, Finance Minister Pravin Gordhan says.
One of the surprises of the budget was the room found for personal tax relief of R7bn, but drinkers and smokers will as usual be charged more for their habits.
