By: Aneeqa du Plessis Alas, after just a few brief months of reprieve, motorists have been hit with an increase in fuel prices. This comes after the Department of Mineral Resources and Energy announced that both grades of petrol has increased by 28-cents a litre, diesel by nine-cents a litre, and the price of illuminating paraffin has gone up by 58-cents. Speaking on VOC’s Breakfast show on Wednesday morning, Automobile […]
INTERNATIONAL Crude prices were down Monday despite a move by the Saudi and Russian-led Opec+ oil cartel to slash output by two million barrels a day, underscoring the competing economic factors at play as producers look to support prices amid signs of a slowing global economy. Brent crude, the global oil benchmark, was down two percent Monday to $95.92 a barrel. Brent had ticked up ahead of the Opec+ decision […]
LOCAL Despite recent rand weakness against the US dollar, the average exchange rate against the US currency is favourable and fuel prices in the country are expected to decrease significantly when adjusted next week. The Automobile Association (AA) said unaudited data from the Central Energy Fund (CEF) is indicating significant reductions in fuel prices across the board, but specifically the prices of petrol. According to the CEF’s figures, ULP95 petrol […]
LOCAL South Africans can still expect some relief at the fuel pumps next Wednesday, although the decrease won’t be as much as anticipated earlier this month. At this stage, data from the Central Energy Fund points to a decrease of two-rand-28-cents per litre for 95-octane unleaded petrol, and that of 93-octane by two-rand-12-cents. Diesel and illuminating paraffin should go down by over one-rand. The outlook changed recently after international crude […]
LOCAL Cash-strapped consumers will breathe a sigh of relief as both grades of petrol are set to come down by R1.32 at midnight on Tuesday. The diesel price will drop by between 88 and 91 cents a litre. While paraffin will cost R1.44 less a litre. Trade union UASA welcomed the drop in prices. UASA’s Abigail Moyo says the price adjustment will bring some joy to workers who have had […]
In light of the global food crisis which has resulted from the Russian war on Ukraine, Israel announced yesterday that the price of regulated bread would rise by 20 per cent, the Economy and Industry Ministry said. The decision is due to be approved today by the Finance Ministry's Price Committee and will come into effect on Sunday. According to the Times of Israel, the price hike will include supervised […]
With fuel prices surging and another increase expected next month, government has suggested that people who can work from home do so to save. Petrol hit R21/l for the first time earlier this month after a R1.46 increase, but there are fears of a much steeper increase that could see it reach about R24/l if the conflict between Russia and Ukraine continues. Data from the Central Energy Fund (CEF) predicts the price […]
The Automobile Association is expecting the cost of petrol to rise well above R20 per litre at the start of March. The main factors influencing the monthly fuel price adjustments are the Rand-Dollar exchange rate and the price of petroleum products such as Brent Crude Oil. During the first half of February 2022, the Rand-Dollar exchange rate has remained stable and is currently around R15 to the US Dollar. The […]
VOC became the first Muslim radio station in South Africa when a special events license was granted to the station in Ramadan/January 1995. Subsequent temporary broadcast licenses were granted, permitting the station to broadcast for 24 hours.
