Weak rand takes toll on petrol price

Weak rand takes toll on petrol priceDiesel down 78c but rand’s depreciation nullifies what would have been a petrol price drop of about 30c.

It’s a good time to be the owner of a diesel motor vehicle because, as from Wednesday, the price of diesel will drop significantly while petroleum automobile drivers will not be so fortunate. Diesel with 0.05% sulphur will drop by 76 cents per litre (c/l), and diesel with 0.005% sulphur will go down by 78c, but the price of 95 octane petrol will only fall by 3c/l, while that of 93 octane petrol will not change.

The maximum price of liquid petroleum gas (LPG) will increase by 45 cents per kilogram.

Robert Maake, director of the fuel pricing mechanism at the Department of Energy (DoE), says the reason for the significant decrease in the diesel price is due to the northern hemisphere’s current winter being less cold than usual, leading to a decrease in demand for diesel, which often spikes during this period.

Available: http://www.moneyweb.co.za/news/south-africa/weak-rand-takes-toll-on-petrol-price/ 

About The Project

South Africa's conduct of international relations, especially its role in international organisations like the UN Security Council, its choice of strategic partnerships, its leadership role in Africa, its public engagement and foreign policy decision making, has been intensely debated in the recent past. The FPA programme aims to provide a nuanced analysis and facilitate a structured discussion of South Africa's foreign policy in a changing world environment for purposes of informing its future direction.

Aims and Objectives of The Project

The purpose of this focus area is to unpack the extent to which the policy in its making, its nature and its application constitutes a principled and pragmatic response to a complex international environment. In doing so, we hope to be guided by an objective to promote a foreign policy that positions SA as a responsible global citizen committed to building bridges between various power blocs for the benefit of Africa and South Africans.

Contact details
Address:   3rd Floor Robert Sobukwe Building
263 Nana Sita Street
South Africa

PO Box 14349
The Tramshed
    E-mail:    info@igd.org.zaThis e-mail address is being protected from spambots. You need JavaScript enabled to view it This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
      Telephone:   +2712 337 6082
      Fax:   +2786 212 9442
Follow us on Facebook Follow us on Twitter Follow us on Linkedin Follow our RSS feeds