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.
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.