Questions on Fuel Prices in SA

Cars.co.za  These facts were brought to my attention, about the rise of the petrol, published in on the site Cars.co.zascorp-section-eight-logo

Just 10 years ago South Africans were paying 339% less for petrol. In August 2004, unleaded fuel on the reef was priced at R4.00 a litre, with diesel at R3.29. On average, the price has gained nearly rand a year, but the jumps have been erratic. There was a brief period of respite from August 2008 to August 2009, when the price dropped by nearly R2.50. But since then, it has almost doubled to new highs seen this month.Current fuel prices in South Africa stand at R13.55 for unleaded 95 on the reef, and the wholesale price of diesel (0.05% or 50ppm) is R12.48 on the reef.

It would be interesting to compare this rather incredible price hike, firstly with other countries around the world and then with the prices of other goods. Why the sharp difference in price between 2008 and 2009??? I have not the time nor inclination to do a hell of a lot of research into this right  now but I do wonder if there was some form of election going on at that time. I have a suspicion there was and can only wonder if the same spike will repeat itself with the upcoming elections. We all know that the ANC is desperate for two things at the moment, votes and money, not necessary in that order, as I see they are taking lessons   from Uncle Bob, up the road.

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One Response to “Questions on Fuel Prices in SA”

  1. Carol Says:

    I think you are spot on Wayne. I would not be surprised, at all!

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