OPEC Topic (Oil Prices Enrage Customers) >> Petrol Price Hike (South Africa)greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread |
[Fair Use: For Education and Research Purpose Only]IndependentOnline South Africa
18c PETROL PRICE HIKE IN MARCH February 23, 2000
Motorists will be hit by an 18c a litre petrol increase in March due to a five cent increase in the fuel levy announced by Trevor Manuel on Wednesday which comes on top of a 13c a litre hike due to the higher price of crude oil.
Manuel said on Wednesday that the levy on leaded and unleaded petrol will increase next month by 5c a litre and the levy on diesel fuel will go up by 3c a litre.
In more bad news, senior economist at Econometrix, Tony Twine, said there could be a further product-related price increase in early April.
If the $30 a barrel price for crude oil "hangs around" we could have a further 15 to 21c per litre hike in April.
Despite this, Twine said the increase announced by Manuel was "mercifully lenient".
The 5c a litre levy increase means that for a car with a 50 litre tank it will cost R2,50 more to fill up.
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-- Dee (T1Colt556@aol.com), February 24, 2000
one dollar = 6.30 rand ; SA has relatively cheap petrol...
-- Cage Rattler (cage@rattler.com), February 24, 2000.
Thank you for your input Cage.
-- Dee (T1Colt556@aol.com), February 25, 2000.