Guiding consumers since 2009

Petrol price pumped up again

By Staff Writer

LIQUID GOLD

From The Times.co.za

By Robert Laing 

The price of petrol and diesel goes up again from Wednesday, and will have a knock-on effect on inflation   
Filling up a 45litre tank with 93 octane petrol cost R320 in June last year. From midnight tomorrow when this month's increase (50c a litre) takes effect, it will cost R442 - a R122 or 38percent jump - to fill up your tank. Fuel inflation has been nearly double that for diesel-vehicle drivers. The wholesale price of standard diesel will have risen 73percent to R10.80 a litre from Wednesday.

Justmoney.co.za says:

When petrol jumps, just about everything else jumps. Petrol is core to many of our everyday products, that need to be transported around the world to us. If you expect then for average costs to rise, it's time to see if your finances are performing for you. Check your bank accounts and savings accounts to see if they are competitive. Consider your vehicle finance and your vehicle insurance. Make sure that you are prepared beforehand.

 

Recent Articles

Featured What are the three phases of money laundering?

Money laundering seems like the kind of thing that’s only a concern in blockbuster films. However, South Africa is, in fact, considered a hotspot for money laundering. So, what does this actually entail, and what are the consequences of this illicit practice?

Asset repossession: What banks want you to know

When you’re facing financial strain, it can be difficult to keep up with your debt. Unfortunately, if you refrain from paying your debt, your creditors have the right to take legal action against you. This includes repossessing your assets. But before you hand them over, here’s what you should know.

How to spend a lumpsum for great returns

Imagine you win the lotto. Anyone in this position would be ecstatic! But once your excitement settles down, you’ll have to consider what’s the best thing to do with this money.

How to identify an investment scam

Many people invest a lot of money for their future and that of their offspring. Unfortunately, some of them never reap the benefits because the investments were scams. Luckily, there are ways you can find out if an investment opportunity is too good to be true.

Deals

Get 50% off your friend’s treatment at Mangwanani Spa

Price: from R250
When: Until 30 August
Where: KZN and JHB

Telkom LTE lockdown Deal

Price: R369 per month
When: Until 31 August 2020
Where: Nationwide

Save up to 20% on your car insurance with MiWay

Price: Available on request
When: Daily
Where: Nationwide


Latest Guide

Guide to debt rehabilitation solutions