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35c petrol drop on the cards

By Staff Writer

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Today's big story is all about a possible cut in the petrol price.


Now there is some good news that is sorely needed. The Times reported that the Central Energy Fund will, on Friday, be announcing the new petrol and diesel prices.


The price of oil has dropped dramatically in the past few days and the time is now ripe for a price cut.


Some economists are even predicting cuts of up to 35c a litre.


The Organisation of Petroleum Exporting Countries, or OPEC, announced that they would be cutting production from November in an attempt to shaw up the price in the face of falling demand.


iAfrica
also followed this story with some users commenting that a bigger cut should be technically possible, but that politics are playing their part by holding off the big cut until just before the next general election.


Which ever way you look at it a cut is a good thing and can help you save some of those oh so necessary bucks, right when you need them.


Click here to get saving.


In another story Business Report puts it that new car prices might face a dramatic increase in price, by as much as 25% over the next year.


This would be applied to new vehicles as the current stocks were sold out.
These increases are apparently linked to a whole host of external factors like the rising cost of imported goods


It is expected that consumers will start to downscale their buys. These increases will not be limited to the consumer sector, as some analysts are predicting that light commercial vehicles could also go up by 12-15%.


The increases are expected to happen every quarter for the next year.


Click here to get car finance.


Click here to get vehicle insurance quotes.


Business Day today reported on Trevor Manuel's concerns about the proposed Money Bills Amendment Procedure and Related Matters Bill.


This law is supposed to give parliament the power to amend money bills rather than just acting as a rubber stamp for the treasury.


However Mr. Manuel is concerned about certain risks that the bill might allow to come into being.


The bill requires technical experts to inform and aid parliament in changing money bills but the worry is that the technocracy would rule rather than the will of the people, and related to this it might create pressures to 'pork barrel' where the changes are designed for a specific constituency, area or interest group.


The bill contains checks and balances that requires parliament to explain the implications of its changes before passing the changes.


Check out our budget planner and understand the implications of any money changes you might want to make.

 

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