Steep jump in petrol price from Wednesday

Cape Town – The price of petrol will increase by 67c a litre from next Wednesday, while the price of diesel will be 44c a litre more, the Department of Energy said on Sunday. Energy Minister Mamoloko Kubayi said the rand/US dollar exchange rate and the prices of petroleum products in the international markets are the main contributing factors for the September price hike. “The Rand depreciated, on average, against the US dollar during the period under review.” In addition, there was an increase in the crude oil prices coupled with a weaker rand, massive floods caused by the storm […]

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Transport management needs macroeconomic approach, urges logistics professor .

South Africa is a transport challenged country and, although transport-related issues should be a government priority, this is not the case and government has not yet mastered managing transport and logistics from a macroeconomic perspective, Stellenbosch University (SU) logistics professor Jan Havenga told delegates at a recent meeting of the Transport Forum, in Durban. Print Send to Friend 1 0 He added that a great deal could be gleaned from the Logistics Barometer launched by SU’s Logistics Department earlier this year. The barometer measures logistics costs as a percentage of a country’s gross domestic product (GDP) and unpacks this to […]

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ADJUSTMENT TO THE FUEL PRICES

1. ADJUSTMENT TO THE FUEL PRICES: WEDNESDAY, 04 MARCH 2015 Product: Petrol 95 and 93 (ULP & LRP) Diesel 0.05% and 0.005% Sulphur 96.000 cents per litre increase in retail price 74.000 cents per litre increase in wholesale price 73.000 cents per litre increase in wholesale price 98.000 c/l increase in the Single Maximum National Retail price (SMNRP) 154.000 cents per kilogram increase in the maximum retail price Illuminating (Wholesale) Illuminating (SMNRP) Maximum Retail Price for LPGAS Paraffin Paraffin 2. ECONOMIC FACTORS AFFECTING THE UNIT OVER/UNDER-RECOVERIES FOR  THE PERIOD 30 JANUARY 2015 TO 26 FEBRUARY 2015 The average international product […]

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