Wednesday 7 August 2013

Yet another - Fuel price hike



The petrol price increased (yet again) last night by 32c a litre to R13-18 for unleaded petrol... R13-18! What is the world coming to? Where is it all going to end? Its not funny anymore!!! Gone are the days that we joked that the price of petrol will one day go above R10 per litre. Some of us are wishing it could return to those figures...

On the 2nd of January 2013 the price of petrol was R11-51. During the last couple of months that price was updated monthly and we are experiencing most of the losses. Check it again, since the beginning of the year the petrol price increased by R1-67. This might not seem much, but we are paying more for 1 litre of petrol than it cost for a 2 litre COKE!

If you normally threw in R250-00 at a time, it would mean the following:
   - Now, you'd get 18.968 litres
   - In January, it was 21-720 litres

Most of us estimate to run at least 10km/litre (car dependant), so we're doing about 30kms less! That's a trip to the beach, meeting up with a few friends, taking the wifey somewhere special... And we have to make up for it somehow...

But wait, its not just us... Taxi's, Busses, Shops - ALL feel the burden... and sooner or later the increase in petrol creeps into our daily lives with food prices and public transport fees following...

Now think on this:
The Minister of Finance announced on 26 February 2013 that the Fuel Levy and the Road Accident Fund on petrol will increase by 15.0 c/l on 03 April 2013. The Fuel Levy on petrol will amount to 212.0 c/l. The Road Accident Fund on petrol will amount to 96.0 c/l with effect from 3 April 2013.

Worst is that fuel levies never decrease if and when the petrol price decreases (if that ever happens). Meaning we'll never return to the low petrol prices of old... 

All we can do is hope and pray that we can adjust as quickly as possible - cause not matter what - we need to buy petrol to fuel our rides. Catch22, hmmm?


Quick history lesson:
The first four-wheeled electric car was built by the German engineer Andreas Flocken in 1888.

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