Petrol price expected to increase to above R23 a litre
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- Опубліковано 4 жов 2024
- The Department of Mineral Resources and Energy is today expected to announce this month's adjusted fuel prices as South Africans face a high cost of living and energy crisis. It is anticipated that the price of petrol will increase beyond R23 a litre, and diesel is expected to decrease by between 31 cents and 57 cents a litre. The cost of illuminating paraffin is slated to come down by around 32 cents a litre. The Automobile Association (AA) says the decrease in diesel and paraffin prices is certainly good news, especially as the country enters colder months. But the increases in petrol prices will add more strain to already stretched budgets, and consumers are advised to revise their budgets accordingly. To talk more about what to expect and the cost to consumers, we are joined by Dawie Roodt, Chief Economist at Efficient Group. Good morning.
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Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&s isa but its hard to bite the bullet and do it.
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Let's put our heads together people for 2024.
In voting?
@@jonathanmatloa8841 yes cause we need positive change. I just read of 100million gone missing again. Come in guys 100m? We need to vote this government out. Change Ldo doesn't happen overnight but if we work together we can get this right. If the government we vote for doesn't deliver we get them out too. We can't live and carry on like this. ENOUGH.
There's a border where the people will have to stop adjusting their lifestyle to fit the government's narrative. The government needs to learn how to budget and they need to know what's going on.
So sad for us we servive with the grant which is R2080 and utility bills come to R1800 and funeral policy and forget about food. We are truly suffering.
Our wonderful ANC government will do what they want. Ranting by the citizenry is a waste of breath and energy.
...the SA Post Office business plan 🎉🎉🎉🎉🎉🎉
Cet rid of this bloody usless A N C GOVERNMENT vote D A in 2024 please thanks
Thank you anc!!!! Highest power and petrol prices in the world with highest unemployment figure!!!!
Mindlo whay don't you go stay in the bush my man jebooooooo
Cry the beloved Country
It's the sad story for thus fuel increase and we are disappointed by the ruling party a such when unemployment also rise
Oh 😳 Africa just can't get a chance
Yerrrrr
I am currently in Italy. The petrol price over here is the Rand value of approximately R43 per litre. The petrol price in South Africa is still some of the cheapest in the world.... Count your blessings....
That's not a very clever thing to say,you sound just like a politician.......yes it's bad guys,but not as bad as next door.😂😂😂pure politician thinking there for you.
@@saamstaan6540 The point is that the ANC does NOT control the price of fuel...you clever little boy...
@Macedonia270 who said that the anc controls the price of fuel?
You probably don't even know that the government general fuel levy is currently at 18% of retail cost, and the raf levy is at 10%,so 28% of the fuel price/liter goes to government but hey,the politician has spoken 🤣🤣🤣
Italy is part of various green taxes and deals. You also can not compare fuel prices based on the exchange rate because the stronger currency will always have a higher cost. The average wage in Italy is R55k, which is double than what it is in SA. So if you take it according to your example, we pay R3 per liter more on a per wage basis, and that is BEFORE the increases ahead.