Fuel Price drops by 85 cents in SA

The latest fuel price decrease may not bring as much relief to consumers, an independent consumer activist said on Tuesday.

The price of petrol dropped by 85 cents a litre at midnight; the biggest decrease of the year.

Consumer activist Ina Wilken told Eyewitness News that despite the decrease, everything else still costs more.

Wilken said things will not get easier for the consumer any time soon.

“It’s a very difficult time for consumers to even try to save and the problem is the ongoing increase in fuel and the high electricity prices.

“Everything is just increasing all the time.”

Food prices

Wilken confirmed there are no decreases when the fuel price drops.

“The problem is the moment the petrol price increases everything else increases but the retailers just couldn’t be bothered – they’ve already added it to their product and they don’t bother bringing it down.”

The new price of 95 grade petrol in Gauteng fell to R10,82 rand/litre, while the wholesale diesel price decreased by 5.9 percent to R10.11 rand/litre.

Food prices

Wheat farmers in the Overberg claimed that food prices are out of their control as wheat production remains costly.

It is unlikely the latest fuel price drop will see the price of products on the shop shelves decrease.

Riviersonderend farmer Schalk Viljoen said the fuel price will need to drop even more before it has any significant impact.

“We must remember that fuel prices increased tremendously over the past three months.

“The fuel price might be coming down but it is still high and I don’t foresee that we can produce cheaper in the near future.”

Viljoen said the bread price might even go up.

“Bread prices will probably increase because internationally higher wheat prices make our prices go up as well and that‘s because of the panic state in America due to the drought.”

(Edited by Clare Matthes)

Source : iAfrica.com
Tags : fuel, fuel price, petrol, petrol price, petrol news, petrol price decrease,food prices

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Fuel shortages hits Kruger National Park areas

Johannesburg - The Kruger National Park on Tuesday warned visitors to fill up their petrol tanks before heading to the reserve as it was experiencing a fuel shortage.

Petrol

Spokesman William Mabasa said there was a shortage of unleaded petrol at most of the park's filling stations.


The situation was a result of a general shortage of fuel in the country which was not only affecting the Kruger National Park but many other filling stations in the region, he said.


"There is still petrol in some of the camps. However, rest camps such as Skukuza, Letaba, Lower Sabie, Pretoriuskop and Shingwedzi have no unleaded petrol at the moment.


"We expect delivery of fuel from the supplier on Wednesday, 21 December and as management, we will work around the clock to ensure that this problem is resolved as quickly as possible," Masaba said.


Mabasa said park management would also like to ensure there was enough fuel for guests during the coming Christmas weekend.


"On behalf of management, we also take this opportunity to apologise to all our guests for the inconveniences which they may have suffered as result of this situation," he said.


Source : Fin24.com
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Another petrol price hike for South Africans

The retail price of all grades of petrol will increase by nine cents a litre on Wednesday, the Department of Energy said on Friday.

The price of diesel with a 0.05 percent sulphur content and the price of diesel with a 0.005 percent sulphur content will both remain unchanged.


The wholesale price of illuminating paraffin will drop by two cents a litre.


The single maximum national retail price for illuminating paraffin will decrease by three cents a litre.


During the period 29 July 2011 to 1 September 2011, the average international product prices of petrol, diesel and illuminating paraffin decreased, the Department added.


The average Rand/US Dollar exchange rate, however, weakened when compared to the previous period.


"The average Rand/US Dollar exchange rate for the period 29 July 2011 to 2 September 2011 was 7.0590 compared to 6.8353 during the previous period.


"The deterioration of the rand against the US dollar increased the contribution to the basic fuel price by about 20 cents a litre," the Department said.


Sapa
Source -http://southafrica.info
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