South Africa: Petrol to rise again as rand weakens
source: Business Day
Siseko Njobeni
Energy Affairs Editor
THE retail price of petrol is set to be increased next week, bringing to an end several months of back-to-back decreases, according to economists.The minerals and energy department last increased the petrol price in July last year. The department earlier this month decreased petrol, diesel and paraffin by large margins because of relatively low international oil prices.
But daily figures from the Central Energy Fund showed there had been an underrecovery in the price of petrol since earlier this month, raising the prospects of a price hike. From January 2 to Friday last week, petrol had [continue reading]
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