The Watchmen on the Tower: S.Africa's petrol, diesel price to rise sharply

Saturday, March 31, 2012

S.Africa's petrol, diesel price to rise sharply

Yahoo News - Reuters

30th March 2012 - http://za.news.yahoo.com/africas-petrol-price-rise-6-3-pct-next-132441032.html

JOHANNESBURG (Reuters) - South Africa's petrol and diesel prices will increase from next week, partly reflecting higher fuel and road levies announced in the February budget, the energy department said on Friday.

Petrol prices in the main inland commercial region of Gauteng will increase by 71 cents or 6.3 percent a litre to 11.94 rand for 95 grade petrol while the wholesale diesel price will rise by about 5 percent to 10.89 rand.
South Africa is a net importer of oil and adjusts its fuel price each month to account for changes in the dollar/rand exchange rate, the international oil price and government levies.
In February, Finance Minister Pravin Gordhan said the country's general fuel and road accident fund levy on petrol and diesel would increase by 20 cents a litre and 8.0 cents a litre from April 4.
Analysts have also said the country's oil import bill could increase after the government confirmed that it would cut its dependence on buying oil from Iran, the world's fifth-biggest exporter.
South Africa imported no oil from Iran in January, according to government trade and customs data, suggesting Africa's biggest economy has heeded a call from the United States to halt oil shipments from Tehran as part of Western sanctions.

No comments:

Post a Comment

PUT YOUR TRUST IN YAHSHUA/JESUS

Hosea 4:6-9 (New King James Version)
6 My people are destroyed for lack of knowledge. Because you have rejected knowledge, I also will reject you from being priest for Me; Because you have forgotten the law of your Elohim/God, I also will forget your children. 7 “ The more they increased, The more they sinned against Me; I will change[a] their glory[b] into shame. 8 They eat up the sin of My people; They set their heart on their iniquity. 9 And it shall be: like people, like priest. So I will punish them for their ways, And reward them for their deeds. Hosea 6:1-3 (New King James Version)
A Call to Repentance 1 Come, and let us return to Yahweh/the LORD; For He has torn, but He will heal us; He has stricken, but He will bind us up. 2 After two days He will revive us; On the third day He will raise us up, That we may live in His sight. 3 Let us know, Let us pursue the knowledge of Yahweh/the LORD. His going forth is established as the morning; He will come to us like the rain, Like the latter and former rain to the earth.