Petrol: Brace for horrid July
Fin24

Petrol: Brace for horrid July

2013-06-27 21:51

Cape Town – Consumers can expect a petrol price hike of close to 90c per litre, according to a quick survey done by Fin24.

This is in anticipation of an announcement in this regard by the Central Energy Fund on Friday. Any price increase will take effect at midnight next Tuesday.

Peter Noke, group retail specialist for Royale Energy, expects the hike to be announced by the department of minerals and energy on Friday will be about 87c per litre for petrol and about 80c per litre for diesel.

“It is only my guess, but I think it is going to be pretty close to that,” he said.

“The impact on everything in the value chain – from manufacturing to delivery – will be huge. The domino effect of one of the biggest petrol price hikes on consumers’ lives will be horrible.”

The rand/dollar exchange rate is the biggest culprit in his opinion.

Mike Schüssler, an economist at Economists.co.za, expects a petrol price hike of around 90c per litre.

“It is clear that with the weak rand, inflation is going to breach 6% or even 6.5% or 7%,” he ventured.

“July is going to be a tough month for consumers, because municipal electricity increases usually also happen in this month,” said Schüssler.

Efficient Group’s chief economist, Dawie Roodt, also blamed the weakening as the biggest culprit for the expected petrol price hike.
 
“It is not a pretty picture,” said Roodt.

Motorists at the reef are currently forking out R12.16 for 93 octane and R12.39 for 95 octane. While motorists on the coast are paying R11.96 for 93 octane and R12.02 for 95 octane.

- Fin24


Comments
  • Gerald King - 2013-06-27 22:05

    Some people are selfish. He knows once he steps down to some1 with more brains the currency will heal as it hinted with ramaphosa. Energy, food, etc will become exponentially cheaper over the years. But just because he gets a hut mansion in kzn and keeps his mojo with the ladies we must physically suffer for him. Nxe.

      Alpheus Nethononda - 2013-06-28 07:00

      Milking the cow till its dead.

      Monare Benedict Mahlakwana - 2013-06-28 07:13

      @Whyte please don't do that!..even when u shooting from tight angle, its still what it is...dnt insult the 49m...I dnt wanna argue bwt dis

      Chris Fourie-Lipman - 2013-06-28 07:21

      it's happening http://www.shell.com/zaf/products-services/on-the-road/fuels/petrolprice.html

      Andrew Selous - 2013-06-28 07:37

      Zuma's current term and re-election...what can be more horrid than that!

      Michael Lewis - 2013-06-28 08:18

      Um.... wait... I'm a bit confused, you said "step down to someone with more brains".... In the ANC??????

      Imtiaz Osman - 2013-06-28 08:21

      This got nothing to do with zuma, zuma dosent really affect the exchange rate. His only blamed for the fall of our currency. It only greed by "controlling powers" who manipulate currencies and commodities to line their pockets and benefit themselves. In retrospect the dollar has no real value. We are just forced to accept it as a global currency.

      Eterni80 - 2013-06-28 09:41

      Zuma has demonstrated that he has no honor - if he did, he'd have stepped down ages ago, becoming president for him, was more about the power and the prestige than it is about doing what's right for the people. nkandla is just the tip of the iceberg as far as his skeletons are concerned, the behind the scenes wheeling and dealing are far worse, getting him into power, was like passing a watermelon through a keyhole without anyone noticing - in years to come, he will be prosecuted and serve time - or our democracy will fall and become a chinese sponsored dictatorship.

      Konstabel Koekemoer - 2013-06-28 12:47

      @ Rajesh, maybe read the article before you comment ... the increase in fuel price will be as a result of the drop in the Rand against the dollar and not the oil price. And yes, Zuma can be blamed as he is one of the reasons that the world is loosing confidence in SA. If has nothing to do with him being black but all to do with him being incompetent and corrupt.

      Nico Brits - 2013-06-28 20:09

      Imtiaz and Rajesh, ZoomZoom and his government does stupid things, say stupid things, is corrupt, doesn't address crime, doesn't address the continuing strikes. Investors take note and realize Azania is high risk for investment therefore they pull out their money and take it elsewhere pouring great heaps of Golden Mandelas (Rands) on the market with no one interested in buying the high risk Golden Mandelas. The value of the Golden Mandelas falls precipitously, therefore the prices skyrocket with more strikes etc and more people getting rid of SA investments and Golden Mandelas. So that is how it turns out that ZoomZoom & Cie is responsible. The whiteman complains because he understands how this process works and you clearly don't.

  • Carmen Van Der Vyver - 2013-06-27 22:08

    Crap... well there goes all my well planned budgeting

      Goldie Saturnz - 2013-06-28 08:17

      it couldn't have been that well planned otherwise you would have been able to adjust accordingly

  • Valerie Vale - 2013-06-27 22:12

    Where will it end? God help the poor!

      Philip Horn-Botha - 2013-06-28 00:06

      Thanks for your sympathetic wishes - I have just joined the poor !!

      Raymond Van Den Brink - 2013-06-28 01:00

      We are beyond GODS help. We are in the hands of the ANC on our way to LUCIFER

      Conrad Fra - 2013-06-28 02:08

      No offence but let the poor suffer extremely for a month or so, maybe that will wake them up to see a better light and they stop trusting the anc. P.S. I am one of those struggling with my money every month but I am luckily not poor.

      Conrad Fra - 2013-06-28 02:15

      Wait..........if I am struggling with my money I am poor...

      Dewald P Montgomery - 2013-06-28 08:16

      Add to that circular inflation due to the ANC's upcoming e-tolls. O boy. First Shoprite will increase their maize and chicken prices. Then those who BUY that stuff wil strike for higher wages. Then their employers will increase their prices to cover the wages. Then SHOPRITE's staff, who buy THOSE products, will strike for higher wages, and SHOPRITE will again raise its prices. And so the evil circle continues. Instead of blaming the ANC, the poor, the ANC and Cosatu blames BUSINESS. (Yes, business is sometimes at fault, but you can rectify that with legislation, no need for anti-business, anti-employment and anti-growth policies). But THEY took the decisions. Goes to show why voting should not be an unqualified right, but a qualified PRIVILEGE. If you UNDERSTAND things, you can vote. If you PAY for things, you can vote. Etc. I guess we'll simply end up as Zimbabwe - the ANC will legalise fixed prices for stuff, and companies will go bust, and their employees will be jobless. Except, there's no country to the South of us where they can flee, like they did in Zimbabwe. So basically, they'll through their hands in the sky, begging from the same colonial nations they so despise and hate, to correct their wrongdoings of the past, whose fault it is that they suffer. Something like that. I think.

      Rodney Bevan - 2013-06-28 18:44

      In Britain they are paying on average R21.18 /litre. A pint of beer outside of London will set you back R35.05 Average wage in SA is R320400.00 Average wage in UK £20801.00 or R316953.00 And you think you're being ripped off!

      Mike Bundy - 2013-06-28 23:03

      Rodney you are a liar, they don't use Rands in England for a start. Average wage in SA is R320400???? This is an outrageous lie, it is less than R27000. There are many, many other factors to take into account such as artificially inflated exchange rates, alternative transport options and rebates so any comparison is completely irrelevant and meaningless.

      Rodney Bevan - 2013-06-29 00:28

      Mike, google "Average SA wage, average UK wage, and then realise I'm talking about annual wages, not monthly you moron, do you really believe the average monthly wage in the Uk is £20801? The comparison stands, using the average shopping cart in SA and the UK, the percentage you spend on living expenses is almost on a par with the UK. Exactly what rebates are you talking about? Alternative transport? I guess you mean the tube, that only helps if you live in London. In some villages, there is a bus twice a day and that's it. Once you've googled all that, please come back and tell me again I am lying. It pays to check facts before posting, which is what I did. You on the other hand....

      Rodney Bevan - 2013-06-29 01:01

      I'm still staggered by Mike Bundy, i really can't believe anyone can be that dense. They don't use Rands in the UK? Really? Wow, ya learn something new every day. As it hasn't crossed your tiny mind, I converted £ into Rand to make it easier to understand, obviously that was a waste of time with you. Shame, it must be hard, what's it like wearing shoes for the first time? Please, do the world a favour and don't breed.

      Mike Bundy - 2013-06-30 20:14

      Ah Rodney, what an angry person you are, I wonder why. Exchange rates are meaningless to us. This is not the UK, this is South Africa. Quoting UK prices in South African Rands is therefore completely irrelevant. This is the point that I tried to make, you may have heard the WHOOSH as it passed above your head. I HAVE checked your figures and you are still lying, why? I commented on the figures that YOU posted. Average ANNUAL wage in SA is NOT R320400.00, (I wish), it is less than R27000, this is a fact. In the UK they have free transport for pensioners and discount coupons for unemployed people. There are car-pool and other sharing schemes. Some taxi services offer loyalty discounts to repeat customers. Many people either walk or cycle. Most areas see far more than two buses per day, if some small villages do so then that is probably deemed to be sufficient for the demands of that village. The national rail system extends far beyond the London underground, it is quite extensive. Google is your friend. But it's all meaningless. In some countries the fuel is untaxed, others have heavy subsidies. In Venezuela they pay below 2 US cents per litre for petrol. So what? It means nothing to us - comparing earnings and expenses across countries is just not relevant. I'm sure that you have lots more silly insults to call me - go ahead, I'm sure you think it makes you look rational and educated among your peers. But try to stop flinging poo long enough to prove that you are not lying.

  • Ian Pohl - 2013-06-27 22:12

    Zoom Zuma making a living. Thank you Mr Depressingdent.

      Andrew Selous - 2013-06-28 07:17

      Remember this question"How's the economy?he hehe he" This is really depressing news going into a weekend nogal.

  • NoeNoe - 2013-06-27 22:22

    It appears that lately as soon as JZ or one of the eminent union members makes a sweeping statement that the rand plunges within hours of that learned missive. It might be better if their minds were manually put into gear before such statements were aired publicly. It is always the “man in the street” who suffers from their folly.

      Dewald P Montgomery - 2013-06-28 08:10

      Don't worry. They'll simply blame that ### forsaken, unseen, unknown "third force". A la conspiracy theory. Must be Israel's fault or something. We all KNOW they yellow green and black bandits by now.

  • Vuurwarm Tannie - 2013-06-27 22:23

    Small change I earn big bucks!

      Raymond Van Den Brink - 2013-06-28 01:03

      Prostitution is not for everybody TANNIE.

      Conrad Fra - 2013-06-28 02:10

      Kiss my money before I kiss it myself.

      Vuurwarm Tannie - 2013-06-28 07:24

      Jip stop whining and do something about your financial position! Attitude of winners julle dom idiote..

      Vuurwarm Tannie - 2013-06-28 08:06

      I have money coz I make my own rain I don't sulk and complain like a lot of Safo's do they want it all on silver platters. News flash 24 it ain't gonna happen and Ian you roos I'm not saying sorry for what I have I say what can I do next! Groente

      Johan Holtzhausen - 2013-06-28 08:14

      Stupid statement. The senior people who decide on the price also have more than enough money, does that mean they can increase it ridiculously? The more people suffer, the more probable it will become that your expensive car will be high jacked. But I still think this "tannie" only seeks reaction.

      Avish Gordhan - 2013-06-28 08:33

      That's great for you Vuurwarm. But I think you're missing the point. The real matter is not affordability. It's whether poor management, corruption and a generally unsustainable increase in the cost of living is something we should just roll over and accept. Every person I've ever known who has made lots of money has one trait in common: they don't like paying more than they should. If you are as rich as you say you are, just think about this before you resort to calling people names like "dom idiote" - you could be even richer if you were paying less. That's just common sense, isn't it?

      Doep Briel - 2013-06-28 09:59

      Feet mod!

  • Mickey Dangerez - 2013-06-27 22:26

    Why do we have to fill the coffers of a foreclosed system? http://i-uv.com

  • Mickey Dangerez - 2013-06-27 22:27

    Dagga Bio Fuel - Cheaper and has negative carbon footprint. Vote Dagga Party 2014!

  • Gavin Badenhorst - 2013-06-27 22:38

    It always feels like the guys that tell us that the petrol is going up,get a kick out of telling us this.Don't they drive cars?

      NoeNoe - 2013-06-27 22:44

      No, they are DRIVEN in guvvermint cars. The bleck ones with bleck windows.

      Dewald P Montgomery - 2013-06-28 08:02

      Esh. They drive cahs whee peyi fo. Mzanzi's machine gun she's expensieve on the oil...

  • Selwyn Pandy - 2013-06-27 22:50

    how long do we have to put up with rising fuel,food and electricity prices when you hear from south africans that live in australia and new zealand how life is so diffrant compared to how we live here in south africa i see many people leave this amazing country i miss the old south africa

      Zizzy Sipondo - 2013-06-28 09:34

      Unfortunately, the old South Africa was good to everybody Selwyn.At least now we are ALL suffering.Black,white and otherwise

      Thyphoid Jack - 2013-06-28 10:12

      @zizzy, thinking about that comment, its actually very clever. Not racist, not insuniating any hate, just simply saying, its nowsucks for everyone. but hey the machine making the rainbow for the rainbow nation needs petrol, so we wait and see..........

  • Sheik Mohammad - 2013-06-27 23:18

    Watch how the smiles of the Voters are removed when it comes to riding Taxis...........then watch the smiles of the ANC clowns are removed when the voters put two and two together.

      Dewald P Montgomery - 2013-06-28 08:03

      They haven't put 2 and 2 together for 18 years. You REALLY think they will, this time? No better example than Cosatu. What better way to stop e-toll than to threaten your vote. But they won't. Because they KNOW what will happen.

  • Md Din - 2013-06-27 23:19

    i have started using trains on long distice trips .cheaper and safer than our roads

      Nadia Graf - 2013-06-28 06:08

      We also went to Cape Town on the train and there we used the buses which we found to be clean, efficient and relatively inexpensive. What a pleasure!

  • Mpho Leopeng - 2013-06-27 23:30

    I'm going to start to work from my home. The bosses must understand.

      Carmen Tatum M - 2013-06-28 20:48

      lol

  • Hannes Hansie Nienaber - 2013-06-27 23:50

    Vuurwarm pathetic really....anyway....many factors: striking workers causes invertors bailing, woldwide economy crises etc. We should be happy, SA is way better off than many other countries. We still have it much easier going than others

      Zeenat Allie - 2013-06-28 00:16

      For how long Hannes Nienaber Betser? Doesn't your A$$ hurt yet? If it doesn't the petroleum jelly is most probably next to yr bed! Sorry dude this country is getting worse by the day and soon even you will find that with a name like yrs, it's going to get even worse for you. My apologies and NO disrespect intended. Reverse racism is so hypocritical on this country.

      Vuurwarm Tannie - 2013-06-28 07:26

      Jy is pateties hou op kerm and make your own rain boeta!!!

  • Dimitri Pappas - 2013-06-28 00:08

    The more free (stolen) electricity and road/medical insurance that trusty gov. must account for, the more the money (which does not grow on trees as there's no such thing as a free lunch) must be sourced from somewhere. Where from?--Why, fuel and taxes, of course.Seems the oil price hasn't exactly gone up much. All the while the rand t(r)ends closer to dung as tension rises

      Goldie Saturnz - 2013-06-28 08:36

      what do you mean the oil price hasn't gone up, what reference are you using?

  • Hartmut Gneiting - 2013-06-28 01:27

    I just a little backyard accountant, I di\on't need A "Schuesler" and all the hellseers of those institutes. Ask someone .. why the Rand.. Somebody just wants to buy in here for cheap, not sure who.. unfortunately our politics don't know either, unless they repatriating some of the money they "stole" even before the appartheid area. When I came into SA (1981), the Rand was the equivalent of Euro 2,50 ++ now we are at R13,00 per Euro. I know we are inproductive, but there is much more to it.

      Theunis Jansen van Rensburg - 2013-06-28 09:02

      In 1981 the Euro hadn't been created yet. But still, a valid point.

  • Roy Chambal - 2013-06-28 03:50

    Wow, really personally i know about education department with books saga, i know about housing department, i know of the Western cape and the Toilets, i know about Public works and all the other departments badly ran by bunch of clueless and corrupt idiots but the terrible pathetic ran department is this petroleum on for me - for the life of me i can not understand why the petrol price is one week down and the next weep up again over and over!!!! hey Idiots, keep the price steady let us get use to it, if the buying rate decreases just leave it alone do not change because we both know the decrease means is going up next month, then if it goes up use the budget u had previously to patch - IDIOTS stop fooling us for a week

  • Don Tandy - 2013-06-28 05:14

    And who do we have to thank, ..............showerhead and the gang of thieves leading the ANCorruption.

  • Sipho Mnguni - 2013-06-28 05:22

    Whether it goes up by R100 o litre there's nothing we can do about it. We will just roll down and play dead! So I hate it most when I am told to brace myself for worst. I really hate it. There's no way that I am going to cycle to work, neither would I use a donkey cart.

      Dewald P Montgomery - 2013-06-28 08:07

      Pugface's communist cadre will simply TAX cycles and donkey carts also. We need to get RID of them. Either through an election, or otherwise.

      Arthur Salvado - 2013-06-28 09:42

      Well Sipho, you KNOW what to do so go ahead and do it. Don't get forced back on to a donkey cart. We all deserve better

  • Israel Levi - 2013-06-28 05:30

    Double dome showerhead. Leading this country down the drain.

      Don Tandy - 2013-06-28 07:21

      While the prick sups on champagne as he ponders what next to steal.

  • Israel Levi - 2013-06-28 05:31

    This is what the anc led goverment is doing for this country

      Don Tandy - 2013-06-28 07:23

      Anarcht Nepotism Corruption

  • Skhumbuzo Khumalo - 2013-06-28 05:42

    Its simple make more money than ur expenses. Complain abt govt all u want and it wont change a thing.

      Herman Burger - 2013-06-28 12:01

      You mean get more tenders? For the non anc connected it is not so easy to just "make" more money than "ur" expenses. I do however agree that complaining about the Zoo Ma that "runs" this country won't help. They need the Big Boot out of parliament and into jail where they all belong.

  • Israel Levi - 2013-06-28 06:19

    How do u do that wen ur father n brothers are raping the economy.

  • Hugh Hezuze Schalkwyk - 2013-06-28 06:26

    again ja again!!!!!.......

  • Chris Fourie-Lipman - 2013-06-28 07:20

    It's happening http://www.shell.com/zaf/products-services/on-the-road/fuels/petrolprice.html

  • Peter Zylstra - 2013-06-28 07:24

    Why is it that petrol price increases do not affect the taxi industry? Hardly ever do they increase their fares!

      Goldie Saturnz - 2013-06-28 08:37

      they intend increasing it now

  • Rob Martin - 2013-06-28 07:39

    Should cancel the Sport awards(R65 mil) fuel costs are too high as a matter of fact cancel all awards and help the needy

  • Bertus Pretorius - 2013-06-28 07:45

    And them missing a party? Athletics South africa do not have sponsors? Nah. Governing is definitely done a different way in SA.

  • Zizzy Sipondo - 2013-06-28 09:25

    Thank God i drive a small, inexpensive car and live about 5kms away from the office.This is going to kill big car drivers

      Zizzy Sipondo - 2013-07-01 10:03

      I'm not even going to argue with a person like you Samantha.You're just trolling on here, too bored to do something better with your time

  • Arthur Salvado - 2013-06-28 09:39

    Watch out for more creative taxation coming up . The cow is drying up fast so innovation is the order of the (day) politicians. Petrol taxation can only take so much so other means are necessary. Wait for it, laugh and then pay up

  • Peter L' Estrange - 2013-06-28 09:50

    Does Peter Noke produce anything except what we should all expect? Who and what is Royale Energy and are they all part of the bloodsuckers who feed on the producers -the farmers and industrialists - at huge cost?

      Frank Coetzee - 2013-06-28 10:28

      Royale Energy is a petroleum wholesale company and distribute petrol and diesel to petrol stations. Was easy enough to google the info.

  • RabbitNinja - 2013-06-28 10:07

    Thanks Zuma, you chop. Next time think before you open your trap!

  • Cecil Wright - 2013-06-28 10:17

    Why do they not go back to the source of the problem - ZUMA, and get him to keep his big mouth shut. Every time he opens his mouth , he shows the world what an idiot he is and the rand goes straight to the sewer.

  • Athi Kobus Miagies Ntisana - 2013-06-28 10:50

    Yessy... this never ends.its the end of the month, money comes in, money goes out. to top it off its the bloody weeknd.

  • Willem de Haan - 2013-06-28 10:54

    The exchange rate reflects the status of the country's economy related to the other economies of the world. In 1972 R0.75 = US$1. I understand from what I have read that according to the ANC the country's economy is now miles better off than it was before 1994. Really?

      Dewald P Montgomery - 2013-06-28 12:04

      Example 2: They used THE SAME law passed by the Nats to cover up things like Steve Biko's trial (and subsequent death) to cover up Pugface's Nkandla castle. Example 3: They used the former National Road Agency Law to construct the new SANRAL, which in a new so called constitutional democracy stated the only requirements before tolling a new (NEW mind you) road, is to consult with MAJOR stakeholders, not those who PAY for, you and I. (Which cannot possibbly be constitutional in their "democracy"). Proud of repealing all laws which deal with RACE, proud of abusing all laws which make them RICH and hide their corrupt, thieving, disgusting hypocritical a#*#ses. Afrodictohyponepocracy right at work!

      Dewald P Montgomery - 2013-06-28 12:50

      Where's example 1 gone? It frightens someone that the ANC is abusing SASOL (created by the Nats in anticipation of an oil embargo) to profit from high prices despite the fact that 40% of our fuel is locally produced from our own coal? The point seems to be hurting someone!

  • Sonnyboy Mathebula - 2013-06-28 11:30

    ZUMA HIS NOT DOING NOTHING ABOUT ECONOMY,his only looking his home KANDLA

  • Merlin Walowitz - 2013-06-28 12:02

    OK lets say it as it is. This government is doing everything in it's power to convert this country to a communist system. That is the only way that they can close the economic gap between the rich and the poor. This ideal can't be achieved by taking money from "rich" people so now they have to enforce it by raising money from other sources(petrol price hikes, e-tolling, Electricity price increases etc). These hikes will eventually be such a heavy burden on the taxpayer("rich")that there won't be a gap between rich and poor anymore. The "rich" will earn(after tax burden) the same as the "poor"(increased grants from government). Hence my previous statement that we are heading to communism.

  • Al Loots - 2013-06-28 15:56

    Oh b u g g e r ...

  • Munier Parker - 2013-06-28 17:36

    "The rand/dollar exchange rate is the biggest culprit in his opinion." - in my estimation, our brainless president, his financial thugs and his corrupt government is the biggest culprit.

  • David Lewis - 2013-06-28 21:37

    This a global thing. All this bickering is misguided, misplaced and self destructive.....even if many of the points made are valid. It is now beginning to remind me of those last few moments when the dirty bathwater finally runs out and the whirlpool over the plughole speeds up with a lot of gurgling. does anyone really believe that obama is in charge? or cameron...let alone zuma. Divided we are conquered.It has nothing to do with black or white or other, it is to do with rich and poor. I am not talking about those that have got up and gone to work every day, grabbed their opportunities or even got lucky and put 10 or 50 million in the bank, good luck to those people. The top ten richest people in the world.....that we know of....are worth in excess of 50 billion dollars US each {500 billion dollars, although if the truth were known that figure is probably closer to a trillion}....between just ten people!!!. little doubt in my mind that there will be some with old money who are worth more. 'protecting' them will be a few hundred multi billionaires and 'protecting' them will be a few thousand multi multi millionaires. Just now....as in your childrens, childrens,childrens childrens, or somewhere around there, we are going to end up as some kind of genetically altered uneducated sub species living on maggot meal.

  • Manfred Makane - 2013-06-28 22:37

    This is really going to leave a big hole in our pockets. Why can't some of the lotto money that is generated each week not be used to subsidise the petrol to make it easier on all?

  • Colin Haricombe - 2013-06-29 00:21

    Im working in new Zealand and the petrol price seems to come down every month and its already so low what's going on there in SA...Scarrrrry

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