• Power to Gordhan

    SONA 2016 has set it all up for Pravin Gordhan, it shows just how powerful he may be, says Daniel Silke.

  • Inside Labour

    The history of Valentine Day cards gives a glimpse of how technology resulted in job cuts, says Terry Bell.

  • Courage to do right

    A number of factors will impede Zuma’s opportunity to have a ‘Lula moment’, says Prof Dirk Kotze.

All data is delayed
See More

Petrol price shocker on the cards

Jun 06 2013 07:10
Cape Town - The petrol price relief could be shortlived and  motorists could be paying almost R1 more for fuel, according to BDLive.

The agency reported on Wednesday that the petrol price could again breach the R13/l mark.

The under-recovery on 95 octane petrol is currently 86 cents a litre 9 (c/l) and 77c/l on diesel. If this continue by June 28 then motorists will be in for a surprise.

The final over- or under-recovery number is calculated on the last Friday of the month, and the adjustment implemented from the first Wednesday of each month.

The price of petrol might go up by 90c, according to the Automobile Association (AA).

Public affairs director Gary Ronald told the agency that there are three weeks to try to claw back the under-recovery.

He said that for the petrol price to remain unchanged, the rand will need to regain to about R9.20/$, if oil remains at $100/barrel.

The retail price of petrol decreased by 8c/l on Wednesday, while diesel will fell by 3.98c/l.

However, at the time, the government warned that the weakness in the rand would affect July prices.

"The department would like to take this opportunity to caution that the impact of the weaker currency will be felt in the July adjustment," the energy ministry said in a statement.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

automobile association  |  petrol


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Will Jacob Zuma's State of the Nation speech help SA avoid "junk" downgrade?

Previous results · Suggest a vote