Motorists are set to enjoy a 55 cent per litre decrease on all grades of petrol next week, the Department of Energy said today. Meanwhile, diesel prices will drop by 24 cents per litre and the wholesale price of paraffin will drop by 21 cents a litre.
The adjustment comes after the average international crude oil prices decreased by $12 from $120 per barrel to $108 per barrel. The slash in international crude oil prices has culminated from Iran allowing UN nuclear inspectors into the country giving the market some confidence in crude oil supply; the Euro debt worries and a lower demand for commodities by China as the country suffers from a slowdown in its economy.
However, the weakening of the Rand against the US Dollar prevented prices from decreasing even further. Instead, it increased the contribution to the basic fuels price on petrol, diesel and illuminating paraffin by 20.21 c/l, 21.03 c/l and 20.84 c/l respectively. The average Rand/US Dollar exchange rate for the period 25 April 2012 to 31 May 2012 was 8.1031 compared to 7.8536 during the previous period.
Petrol prices decrease
Featured New homeowner? Be aware of these extra expenses
You’ve overcome all the hurdles of buying a home. You’ve managed to pay your deposit and your closing payments, and now you’re a proud title deed holder. However, there are other expenses waiting around the corner. Are you prepared?
Your biggest credit conundrums – answered
Understanding your credit health is one of the most important factors in managing your finances. This is because it gives you insight into your debt, your borrowing ability, and your financial history. While many understand this, there are still many questions on how to do just that.
Avoid debt collectors, choose debt counselling
There are two things you can do when you are struggling to pay your debt. You can either let your creditors hand your debt over to debt collectors – or you can let debt counsellors help you deal with your debt.
Retail notes: easy investment option for new investors
Being a newbie in the world of investing can be challenging because you don’t know where and how to invest. With so many investment options, you could easily be befuddled. Justmoney looks at how retail notes can help you cut your teeth in the world of investing.
Translux Student Discount
Price: Depends on destination
Zimbali Senior Citizens Discount
Price: From R1342.00
When: Until 14 December 2019
Where: KwaZulu Natal
Free meal for kids at Mozambik Restaurant
When: Until 15 November 2019
Where: Johannesburg, Durban, Pretoria