Guiding consumers since 2009

Fuel price drop set for Wednesday

By Danielle van Wyk

South Africans can look forward to lower fuel prices as of midnight tonight. This is according to unaudited month-end fuel price data released by the Central Energy Fund. This means that you will soon be paying 30 cents less per litre for both grades of petrol, and 17 cents less per litre on the price of diesel. The price of illuminating paraffin will be dropping by 19 cents per litre.

The AA added that it is important for political leaders to note the strengthening effect the recent more hands-on governance approach has had on our exchange rate, reducing many input costs for both businesses and private citizens.

“However, at the same time, we re-iterate our concern that government should avoid using the fuel levy to fund fiscal shortfalls, as it is a concentrated tax with rapid effects on inflation and disposable incomes,” the AA highlighted.

Further, reviewing the fuel price history for 2017, the year experienced of the highest fuel prices in the country's history.

“If one graphs the exchange rate, it is inescapable that almost all sudden movements are associated with political events,” the AA stated. “We appeal to government to take a more judicious approach to policy and governance in future, as Rand weakness affects poorer people disproportionately.”

 

 

Recent Articles

Featured Are you entitled to your spouse’s pension after divorce?

Divorce means more than just parting ways with your partner. It may also involve parting ways with your assets. The Divorce Act states that your retirement fund forms part of your assets. This means that it will be considered when dividing up your assets.

Retrenched – what payments are you entitled to?

In the current struggling economic climate, retrenchments are a regular occurrence and not everyone survives the cut. If you find yourself on the receiving end of retrenchment you may have questions about the payments that are due to you.

Do you want to settle your debt?

You may be considering settling your credit account, whether it’s a credit card or various store accounts, now may be as good a time as any. This especially if you have saved, or you received a tax return or salary bonus. 

Can you afford a personal loan?

Taking out new debt is not always a choice. However, if you’re not pressed by a medical emergency or an unforeseen disaster, it’s worthwhile considering whether you can actually afford it. But what does it mean to “be able to afford a personal loan”? What percentage of your income should you not exceed dedicating to it? 

Deals

Eat for less on Tuesdays at Panarotti’s

Price: R59.99
When: Tuesdays
Where: Nationwide

Get discounts with Clicks ClubCard Seniors Programme

Price: Available on request
When: Daily
Where: Nationwide

Amani Spa Voucher Special

Price: R1000
When: Daily
Where: Cape Town, Jhb, and Port Elizabeth