Guiding consumers since 2009

Petrol prices decrease

By Staff Writer


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.

Recent Articles

Featured Get personal with your finances – and tie the knot

As time passes, your financial products may not live up to your needs. Therefore, it’s important to take stock of what you’re paying for and adjust where necessary. We got in touch with financial advisers to find out how you can get your finances in order, and what you should do to ensure you’re financially stable.

Personal loan or business loan? The best way to finance your business

When starting your own business, you may have to rely on external funding. Perhaps you qualify for a personal loan, but would it be better to take out a business loan instead? We got in touch with a specialist to find out whether it’s best to take out a business loan or a personal loan to assist you with your ongoing business or start-up.

What to do when you’ve been denied a home loan

After months of scanning property sites and attending showhouse after showhouse, you’ve finally found what you’ve been looking for. But your dream of owning a home comes crumbling down when you receive the news that you’ve been denied a home loan. So, what now?

Best travel cards offered by top South African banks

Planning a trip abroad involves a lot of administration. You need to consider travelling arrangements, reasonable accommodation, and a daily itinerary. But have you considered how you’re going to pay your bills once you arrive? Besides considering bank costs, you also need to consider exchange rates.

Deals

Takealot January Big Sale

Price: Available on request
When: Until 31 January 2020
Where: Online

Annique Restore Package Special

Price: From R600
When: Until 31 January 2020
Where: Centurion

Ster-Kinekor Senior Citizens Discount

Price: Available on request
When: Daily
Where: Nationwide