Massive petrol price drop in South Africa
The Department of Energy announced on Friday that the price for petrol and diesel will drop on the 3rd of September 2014 (Wednesday).
The price of petrol will drop by 67 cents a litre, while diesel will drop by 25.38 cents a litre. Illuminating paraffin (SMNRP) will decrease by 25 cents a litre and liquefied Petroleum Gas (LPG) will decrease by 108 cents per kilogram.
The petrol price in South Africa has dropped three times in 2014, with the last decrease occurring in June.
The Department has said that the price drop is due to the low price of crude oil and the stability of the Rand against the US dollar.
Director at economists.co.za, Mike Schüssler told Fin24 that "With really slow economic growth and consumers under pressure, the decrease comes at a time when this decline could really help the overall economy and particularly hard pressed middle class in SA.”
Photo courtesy of www.standard.co.uk
Eskom has released a statement saying that their generators are running smoothly, and that there is a possibility that there will be no load shedding this weekend.
South Africa has deployed its first batch of trained healthcare professionals to work in Sierra Leone, in an effort to help contain the spread of Ebola Disease Virus in the country and other parts of West Africa.
Energy Minister, Tina Joematt-Pettersson, has welcomed the huge decrease in the fuel prices, saying they will be a big relief to motorists and users of Liquefied Petroleum Gas (LPG) and paraffin, especially in low income households.
On the 19 August 2013, 93 bid responses were received of which 65% were for the Solar Photovoltaic and 29% Onshore Wind Technologies...
The Department of Energy has announced that the price of all grades of fuel will go down by between 53-69c/litre next Wednesday December 3th, due to further declining international oil prices and increasing shale oil output in North America. The latest decrease comes after oil fell to $71 a barrel on Friday, its lowest level since July 2010.
Phase 1 of the Gas Utilisation Master Plan (GUMP) report will be published for public comment before the end of 2014, Energy Minister Tina Joemat-Petterssen has told Parliament.
It is with deep shock and sadness that we received the news on the untimely death of Dr Myles Munroe and his beloved wife, Dr Ruth Munroe.
The Department of Energy has announced that the price of all grades of fuel will go down by between 40-61c/litre next Wednesday October 5th, due to decreasing international oil prices, and the strengthen of the rand against the US dollar. Unleaded 93 and 95, as well as LRP and ULP, is set to decrease by 45 c/litre while diesel with a 0.05% sulphur content will go down by 61 c/litre, and diesel with a 0.005% by 60c/litre. Illuminating paraffin will fall by 70c/litre and liquefied petroleum gas (LPG) by 105c/kg.
The first Soweto Derby match of the season between the Orlando Pirates and Kaizer Chiefs, which was scheduled for the 1st of November at the FNB Stadium, has been postponed after the death of Buccaneer’s goalkeeper, Senzo Meyiwa.
- Panayiotou Murder Trial: Terry Price and Captain Kanna Swanepoel lock horns
- Port Elizabeth man busted with cocaine worth R100 000 disguised as Grandpa sachets
- Video: Mr PE UberMANn finalists wheel around The Boardwalk in aid of APD
- Port Elizabeth anglers rescued at Cape Recife after being cut off by high tide
- Transport Deputy Minister expected in PE for long weekend road safety campaign