TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentral TechCentral
    NEWSLETTER
    • News

      Where to next for Dimension Data

      5 July 2022

      Zapper is said to seek fundraising at huge valuation

      5 July 2022

      Stage-5 load shedding to continue until Thursday

      5 July 2022

      Big step forward for Cell C as debt deal approved

      5 July 2022

      Eskom unions accept 7% wage offer

      5 July 2022
    • World

      Bitcoin hints at a bottom – but it may be different this time

      5 July 2022

      China, US war of words erupts over lunar missions

      5 July 2022

      Tether fails to calm jittery nerves

      4 July 2022

      EU to impose wide-ranging new rules on the crypto industry

      3 July 2022

      Crypto hedge fund Three Arrows files for bankruptcy

      3 July 2022
    • In-depth

      The bonfire of the NFTs

      5 July 2022

      The NFT party is over

      30 June 2022

      The great crypto crash: the fallout, and what happens next

      22 June 2022

      Goodbye, Internet Explorer – you really won’t be missed

      19 June 2022

      Oracle’s database dominance threatened by rise of cloud-first rivals

      13 June 2022
    • Podcasts

      How your organisation can triage its information security risk

      22 June 2022

      Everything PC S01E06 – ‘Apple Silicon’

      15 June 2022

      The youth might just save us

      15 June 2022

      Everything PC S01E05 – ‘Nvidia: The Green Goblin’

      8 June 2022

      Everything PC S01E04 – ‘The story of Intel – part 2’

      1 June 2022
    • Opinion

      South Africa can no longer rely on Eskom alone

      4 July 2022

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022

      A proposed solution to crypto’s stablecoin problem

      19 May 2022

      From spectrum to roads, why fixing SA’s problems is an uphill battle

      19 April 2022
    • Company Hubs
      • 1-grid
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»News»Another huge petrol price cut coming

    Another huge petrol price cut coming

    News By Agency Staff15 August 2016
    Facebook Twitter LinkedIn WhatsApp Telegram Email

    petrol-price-640

    The price of fuel could soon be significantly cheaper, owing to the strengthening of the rand, the Automobile Association said on Monday.

    “Petrol is slated for a reduction of up to 69c/l, diesel 94c, and illuminating paraffin is showing a potential drop of 92c,” said the AA about unaudited mid-month fuel price data released by the Central Energy Fund. This follows a 99c/l drop on 3 August owing to the stronger rand and weaker oil price.

    “The rand firmed substantially against the US dollar in the first fortnight of August,” the AA said.

    However, it added that international petroleum prices showed a sharp jump over the same period.

    “Fortunately for South Africans, the rand is ahead in the contest, and the current data indicates considerable price reductions at month-end.”

    The association said the final fuel price for September will depend on whether the rand can continue to counter upward trends in international petroleum prices.

    “Any flattening out of the rand’s gains would be negative for the fuel price, but there would have to be a substantial reversal for the current picture to be spoiled before the end of August.”

    Meanwhile, a pay strike by petroleum workers continues.

    The Chemical, Energy, Paper, Printing, Wood and Allied Workers Union is demanding a minimum monthly salary of R8 000 for workers.

    Negotiations between the union and the National Petroleum Employers’ Association are expected to resume on Monday.

    Fin24

    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleIcasa on ‘dangerous’ terrain: Andile Ngcaba
    Next Article Concern over new #FeesMustFall threats

    Related Posts

    Where to next for Dimension Data

    5 July 2022

    Zapper is said to seek fundraising at huge valuation

    5 July 2022

    Stage-5 load shedding to continue until Thursday

    5 July 2022
    Add A Comment

    Comments are closed.

    Promoted

    Hot Ink certifies and diversifies to maintain competitive printing edge

    5 July 2022

    Increased flexibility with Dell Precision Mobile Workstations

    5 July 2022

    The 5 secrets of customer experience in the cloud era

    5 July 2022
    Opinion

    South Africa can no longer rely on Eskom alone

    4 July 2022

    Has South Africa’s advertising industry lost its way?

    21 June 2022

    Rob Lith: What Icasa’s spectrum auction means for SA companies

    13 June 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.