Grocott's Mail
  • NEWS
    • Courts & Crime
    • Features
    • Politics
    • People
    • Health & Well-being
  • SPORT
    • News
    • Results
    • Sports Diary
    • Club Contacts
    • Columns
    • Sport Galleries
    • Sport Videos
  • OPINION
    • Election Connection
    • Makana Voices
    • Deur ‘n Gekleurde Bril
    • Newtown… Old Eyes
    • Incisive View
    • Your Say
  • ARTSLIFE
    • Cue
    • Makana Sharp!
    • Visual Art
    • Literature
    • Food & Fun
    • Festivals
    • Community Arts
    • Going Places
  • OUR TOWN
    • What’s on
    • Spiritual
    • Emergency & Well-being
    • Safety
    • Civic
    • Municipality
    • Weather
    • Properties
      • Grahamstown Properties
    • Your Town, Our Town
  • OUTSIDE
    • Enviro News
    • Gardening
    • Farming
    • Science
    • Conservation
    • Motoring
    • Pets/Animals
  • ECONOMIX
    • Business News
    • Entrepreneurship
    • Personal Finance
  • EDUCATION
    • Education NEWS
    • Education OUR TOWN
    • Education INFO
  • Covid-19
  • EDITORIAL
Facebook Twitter Instagram
Trending
  • Almost 50 GADRA alumni graduate from Rhodes this week!
  • How it feels to go without water for seven days
  • Cleaning Kowie River and Fairview Spring for World Water Day
  • Local soccer teams avoid SAB Regional League relegation!
  • Bongani Fule: new Eastern Cape Junior Lightweight champion!
  • Bathurst Book Fair is back with a bang!
  • In the words of Nelson Mandela, “To deny people their human rights is to challenge their very humanity”
  • Avbob 2023 Poetry Competition Winner: Sithembele Isaac Xhegwana of Makhanda
Facebook Twitter Instagram
Grocott's Mail
  • NEWS
    • Courts & Crime
    • Features
    • Politics
    • People
    • Health & Well-being
  • SPORT
    • News
    • Results
    • Sports Diary
    • Club Contacts
    • Columns
    • Sport Galleries
    • Sport Videos
  • OPINION
    • Election Connection
    • Makana Voices
    • Deur ‘n Gekleurde Bril
    • Newtown… Old Eyes
    • Incisive View
    • Your Say
  • ARTSLIFE
    • Cue
    • Makana Sharp!
    • Visual Art
    • Literature
    • Food & Fun
    • Festivals
    • Community Arts
    • Going Places
  • OUR TOWN
    • What’s on
    • Spiritual
    • Emergency & Well-being
    • Safety
    • Civic
    • Municipality
    • Weather
    • Properties
      • Grahamstown Properties
    • Your Town, Our Town
  • OUTSIDE
    • Enviro News
    • Gardening
    • Farming
    • Science
    • Conservation
    • Motoring
    • Pets/Animals
  • ECONOMIX
    • Business News
    • Entrepreneurship
    • Personal Finance
  • EDUCATION
    • Education NEWS
    • Education OUR TOWN
    • Education INFO
  • Covid-19
  • EDITORIAL
Grocott's Mail
You are at:Home»Uncategorized»Petrol prices highest in SA history
Uncategorized

Petrol prices highest in SA history

Grocott's MailBy Grocott's MailMarch 6, 2014No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email

On the morning of Wednesday 5 March, South Africa’s petrol prices increased dramatically, reaching the highest-ever price in South African history.

On the morning of Wednesday 5 March, South Africa’s petrol prices increased dramatically, reaching the highest-ever price in South African history.

Car owners can now expect to pay R14.32 for unleaded petrol inland and R13.95 at the coast.

This represents a R1.23 increase from last year’s R12.72 on the coast.

To make matters worse, Finance Minister Pravin Gordhan announced that there will be another 20 cent increase in the national fuel levy from April 2014.

To put it in perspective, in March 2009, unleaded petrol cost Gauteng consumers R6.88 per litre.

Today, the petrol price is R14.32 – a staggering 100% increase over a five year period.

Now more than ever, consumers are posing the question: where is our money actually going when we fill up?

According to News24, only half of the petrol price is for the actual petrol itself.

The other half is given to tax in the form of the fuel levy and the Road Accident Fund (RAF).

The other culprit for the increase in petrol prices is the country’s plunging currency exchange rate and the rise in the price of Brent crude oil.

The price of Brent crude oil has risen each year by almost 20% since 2009.

Five years ago, Brent crude was almost $45 a barrel and now stands at $110 a barrel.

Previous ArticleUnion rejects Rhodes wage offer
Next Article Newman and Dlamini to perform
Grocott's Mail

Comments are closed.

Tweets by Grocotts
Newsletter



Listen

The Rhodes University Community Engagement Division has launched Engagement in Action, a new podcast which aims to bring to life some of the many ways in which the University interacts with communities around it. Check it out below.

Humans of Makhanda

Humans of Makhanda

Weather    |     About     |     Advertise     |     Subscribe     |     Contact     |     Support Grocott’s Mail

© 2023 Maintained by School of Journalism & Media Studies.

Type above and press Enter to search. Press Esc to cancel.