“While positive, the suggested retail price of diesel in December will still be around R6.20/l more expensive than it was in January, which will have resulted in higher prices to goods and services during 2022.”Despite the increase in 93 and 95 octane petrol, the AA stated that matters could have gone the other way drastically had the rand lost further ground to the dollar.
“The rand’s positive movement is certainly aiding consumers without which the outlook may have been gloomier,” the AA said, adding that initial data pointed to diesel dropping by 34 cents and petrol increasing by between 97 cents and R1.09 per litre. It, however, stated “going forward, though, we will continue to call for a re-evaluation of the fuel pricing structure to provide more longer lasting solutions to mitigate against rising fuel costs.
“A review of the fuel price must examine all the components that comprise a litre of fuel, establish their continued relevance as part of the fuel price, and determine if the calculations used are still correct.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Unemployment stats: Good news as more than 200 000 jobs gained in SA | The Citizen🥳Hooray for SA! Unemployment decreased by 1% in latest stats, with over 200 000 jobs gained 💸 Catch up on the latest stats here: StatsSA EmploymentStats This is due to the country opening more since covid
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Cheap tattoos are not good & good tattoos are not cheap - 2022 Soweto Ink FestOn 26 November 2022, the Soweto Ink Tattoo Convention was held in Orlando, Soweto. The annual event celebrates tattoo artists from around the world, tattoo culture, and body art.
Source: ewnupdates - 🏆 30. / 53 Read more »
Lesufi promises to address demands and issues of apartheid victims | The CitizenThe group has been picketing outside the ConCourt for the past two months.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Contracted Eskom guards nabbed for stealing thousands of litres of diesel | The CitizenTwo guards employed by a security company contracted Eskom have been arrested for allegedly stealing nearly 6,000 litres of diesel worth over from the Port Rex Power Station in East London.👮 ' worth over from '? We have normalised the culture of stealing
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Jeep Commander's South Africa return being plotted | The CitizenRevived last year after what had been an eleven-year hiatus, Stellantis South Africa has confirmed that it is investigating the possibility of bringing the Jeep Commander to market either next year or in 2024. 🚗 motoring
Source: TheCitizen_News - 🏆 6. / 75 Read more »
The best and the worst: 10 highlights of the Springboks' 2022 season | The CitizenAfter a year of ups and downs for the Springboks, the 2022 season came to a close on a high with an emphatic win over England at Twickenham on Saturday evening.🏈
Source: TheCitizen_News - 🏆 6. / 75 Read more »