fuel prices
Fuel cheer as oil retreats
Large reductions in fuel prices are being forecast for December. This is according to the Automobile Association (AA), which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund (CEF). "After months of sustained pressure on the fuel price, fuel users will receive a substantial[...]
Further strain on consumers as fuel prices are set to hit a record high in Oct 2018
by Paul Makube, Senior Agricultural economist at FNB Agri-Business After a brief hiatus with the government absorbing about R500 million of the fuel hike and only allowing 5 cents increase in September, the situation has deteriorated with the recent announcement by the Department of Energy (DoE) report showing that[...]
Fuel price breather as prices stay stable
Better exchange rate performance and retreats in international oil prices will mean virtually unchanged fuel prices in August. This is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel price data. "During July, the recent weakening trend of the Rand against the US dollar slowed,"[...]