If the oil price continues recovering, the R4-a-litre saving motorists enjoyed between February and April could soon be erased. Picture: SUPPLIED
Based on current figures, petrol is set to climb to R1.59 a litre, diesel by R1.48, and illuminating paraffin R1.94 in the first week of July. “With world demand expected to continue to increase, South Africans must likewise expect the fuel price to gradually edge back towards pre-Covid-19 levels.” “South Africans are also benefiting from increasing rand strength, with the local currency having made up 60c against the US dollar since the start of June, and briefly breaching the psychological R17 to the dollar mark. In fact, the rand’s firmer performance in June has offset the fuel price increases by about 36c a litre to date,” the AA notes.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Market data — June 17 2020Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »
Oil dips as spike in coronavirus cases stirs demand fearsBeijing has cancelled flights and shut schools, while several US states have reported a surge in cases
Source: BDliveSA - 🏆 12. / 63 Read more »
Central Energy Fund starts process for single national petroleum companyApproval given for PetroSA, the Strategic Fuel Fund and IGas merger
Source: BDliveSA - 🏆 12. / 63 Read more »
Drug offers hope amid spikes in coronavirus infectionsAs nations grapple with new outbreaks and spiking death tolls from the coronavirus, a commonly available drug appeared Tuesday to offer hope that the most seriously ill could have a better chance of survival.
Source: IOL - 🏆 46. / 51 Read more »
Spike in Covid-19 cases subdues global stocksFears of a second wave of infections crushes hopes of a quick economic recovery
Source: BDliveSA - 🏆 12. / 63 Read more »
HCI writes down assets due to Covid-19Investments in properties, hotel and gaming, oil and gas exploration have been affected
Source: BDliveSA - 🏆 12. / 63 Read more »