What will the petrol price cut save you?

By Staff Writer

The petrol price is set to come down again on the 6th of January 2010. This is very welcome news given that the holiday season tends to be a major drain on personal finances and starting the New Year with a tight budget is traditional. Cutting the petrol price actively saves you by keeping money in your pocket. The price will be cut by 9 cents a litre for 93 octane and 6 cents a litre for 95 octane. So what will that save you in 93 octane for these cars?

 

  • City Golf 49 litre tank = R 4.41 less
  • BMW 70 litre tank = R 6.30 less
  • Hilux 160 litre tank = R 14.40 less

 

These prices may not seem like much but if you fill up once a week then you would save R748.80 on your Hilux over the course of a year. Small amounts add up. Something that you can do to maximise the benefit of these petrol savings would be to take the actually cash from the difference of what you are paying and put it aside somewhere. Then if you need that emergency tyre change or to get a small dent repaired, then you won't have to dig into your budget to deal with anything like that.

Petrol is a major driver of the economy, even if you do not drive yourself, chances are that you will still use public transport. All the goods in the shops require petrol to get them from where they are made to where you can buy them from. Petrol is a major factor in the economy. Even a small decrease of 9 cents will save the 9 point 8 million vehicles on our roads a whopping R 686 000 per litre. Now that is a very welcome boost to a straining economy going into the New Year.

Recent Articles

Featured Local elections, international uncertainty: How will the rand respond?

As we dust off the Easter Holiday cobwebs, we enter the business end of the local election. This brings about a lot of local noise which could increase volatility in the rand. The market will look at any headline news which could lend short-term momentum to the rand after a period of range-bound trading. 

Read more

How does Tyme bank compare to traditional banks?

The South African banking industry is slowly moving into the digital space. In 2001, Capitec Bank opened its doors, changing the way banking had traditionally been done, ensuring that customers can access their accounts digitally.  

Read more

Young professional? Here is the best bank for you

If you’re under 35, have a four-year degree, and you’re looking to take your banking experience to the next level, you may be considering young professional banking products.

Read more

Comparison of Gold Credit Cards offered at top South African banks

Nowadays banks are less particular about the colour of the cards they offer. However, they still name their cards based on the original colours. This week Justmoney found out how gold credit cards compare with one another.

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

KFC Burger Special

Price: R60
When: Daily
Where: Nationwide

Amani Spa and Wellness Special

Price: From R380 to R1,200
When: Daily
Where: Cape Town and Johannesburg

Metropolitan Actuarial Bursary

Price: Free
When: Daily
Where: Nationwide