--
 
SA's best-selling cars

Continuing its trend as South Africa’s best-selling passenger car, Volkswagen has sold more than 2300 Polo Vivos in March 2017.

How Porsche will help local youths in SA

Porsche SA has opened its new Training Centre in Cape Town which aims to provide opportunities for 75 youths from disadvantaged backgrounds in the auto industry.

Fuel price set to rise

2013-01-30 10:21
Fuel

SA DRIVERS TO FORK OUT MORE AT THE PUMPS: The weakening Rand/Dollar exchange rate will likely impact the retail price of petrol in SA.

JOHANNESBURG – The daily under-recovery reached 100.661 cents per litre (c/l) on January 29 2013 compared with an over-recovery of 3.855 c/l on January 1.

The change in the daily petrol price has largely been due to the weakening rand which moved from R8.5 per US dollar to R9.0675 in January 2013.

PETROL PRICE HIKE

The department of minerals and energy will likely implement a retail petrol price hike of about 42c/l on February 6‚ if the daily under-recovery remains near the January 29 level.

The wholesale diesel (0.05% Sulphur) price could rise by 19c/l.

An under-recovery means that the basic petrol price based on the daily product price and exchange rate is more than the basic fuel price used in the calculation of the monthly retail petrol price.

An under-recovery therefore implies that the retail petrol price will most probably be increased at the next monthly price adjustment‚ provided the government does not introduce a new levy or raise either the wholesale or retail margin.

 
NEXT ON WHEELS24X
Read more on:    petrol  |  south africa  |  price

Inside Wheels24

Drunk driving in SA: 'Harsh penalties unlikely to reduce number of incidents'

'Harsh penalties could help to engender a feeling of fear of the consequences of drunk driving but are unlikely to reduce the number of incidents,' says Rhys Evans, director of ALCO-Safe.

There are new stories on the homepage. Click here to see them.