Petrol price increase for South African Motorists
South African motorists are facing another petrol price increase today, twice in on month it is estimate to be around R19 per liter in December. As from the 2 October 2018 midnight the petrol price will be R17.0 that is a huge knockout for motorist and small businesses.
Petrol grades, 93 and 95 (Unleaded & Leaded), will increase by R1 per liter separately starting from midnight on Tuesday night. This will increase the overall retail price of 95 ULP for inland motorists to R17.08 and R16.49 at the coast this is the biggest increase South Africa will face.
The diesel cost will go up by R1.24 per liter and paraffin wholesale will increase by R1.04 per liter, while paraffin will increase by R1.39 per liter. The maximum retail price of gas will also increase by R1.79 per kilogram.
Petrol price during lockdown
South Africa needs another alternative solution for energy
Brent crude oil has decrease by $3 from $77 per barrel to $74 per barrel during the past period. The main goal was to lower crude oil price so that the organisation of petroleum exporting countries (OPEC) and there affiliated associates agreed to increase prices to that they could take market share from their rivals and calm prices to avoid moderating demand growth during their meeting on June 22 2018. This also impacts the local petrol price increase and some countries in Africa are not effected by this.
South Africa needs bio petroleum
We as South African business can look at alternative bio petroleum that is also eco friendly, cheap and would make new up coming business rich an would play a important role in the economy.
There are ways to start a bio petroleum company.
- Know fuel transporting regulations of South Africa
- Get fit and qualified drivers.
- Knowing general duties
- Go through Lernership and know every rule in the industry
- All specifications and code of practice
- What is more profitable to transport? Petrol or diesel?
- National petroleum production system in South Africa
- Transnet role in fuel transportation of bio fuel
Find alternative insurance quotes
Apply for car insurance from popular car insurance companies in South Africa.