Erm, thanks? ‘Laughably low’ petrol price decrease set for June

It feels like we've been undertipped, here. Yes, we are on course for a petrol price decrease in June - but it's not much to write home about.

Erm, thanks? ‘Laughably low’ petrol price decrease set for June

Well, one cent is better than no cents, right? We doubt any motorists in Mzansi will be too grateful for the latest petrol price forecast, which shows that fuel costs will get cheaper in June as it stands – but only by the barest of all margins.

Forecast petrol price decrease for June? Technically, yes…

After reaching record-highs earlier this year – aided by soaring oil prices and some unfavourable tax hikes on our shores – the domestic petrol petrol price has climbed down every so slightly in the past few weeks. Next month, it currently looks like we will be taking another step forward – even if it’s just by moving one toe in front of the other:

  • – Petrol prices are on course to drop by just ONE CENT – and that’s the best news of the bunch…
  • – Diesel costs will increase by 20 cents, based on the current trajectory.
  • – Illuminating paraffin is set for the roughest ride, and it is predicted to be 25 cents more expensive in June.

A real mixed bag for motorists

Of course, the forecasts can quite easily fluctuate and change from their mid-month predictions. The AA has stated that the petrol price ‘rests on a see-saw’ for the next month or so – as a strongly-performing Rand offsets the issues created by unstable international oil values, and yes, those dreaded coronavirus variants…

In a battle that has been branded as ‘Oil vs Rand’, it seems that any petrol price decrease will prove to be laughably low:

“After several weeks of stability, international oil prices have started to climb again, with a slight peak in the first week of May. Nothing should be taken for granted until the global vaccination drive has surpassed the threshold needed for herd immunity. Oil prices are still vulnerable to lockdowns caused by resurgences of COVID-19.”

“Although the daily exchange rate has been wildly variable, the average rate has seen ZAR gain around 20 cents against the US dollar since the start of May. This means a net gain of 11 cents vs the dollar. The Oil-Rand see-saw will likely continue through the rest of May, and the month-end picture may be different to what’s currently being seen.”

AA statement
Source : The South African More   

What's Your Reaction?

like
0
dislike
0
love
0
funny
0
angry
0
sad
0
wow
0

Next Article

Desmond Tutu among the first to be vaccinated as Phase 2 kicks off

“All my life I have tried to do the right thing and, today, getting vaccinated against COVID-19 is definitely the right thing to do,” said Tutu.

Desmond Tutu among the first to be vaccinated as Phase 2 kicks off

On Monday, 17 May, the Western Cape launched the second phase of its mass COVID-19 vaccination drive. During the current phase, people aged 60 years and older are eligible to receive the jab. Brooklyn Chest Hospital in Milnerton was selected as the launch site by the provincial government. Premier Alan Winde, Health MEC Nomafrench Mbombo and Head of Health Dr Keith Cloete welcomed Tutu, 89, his wife Leah, 87, and other vaccine eligible persons to the facility.

ARCHBISHOP DESMOND TUTU GETS THE JAB

 After receiving the COVID-19 vaccine Tutu said, Leah and he decided to get the vaccine quite some time ago because they know it will help to save their loved ones from worry, heartbreak, and themselves from the “terrible disease.”

“All my life I have tried to do the right thing and, today, getting vaccinated against COVID-19 is definitely the right thing to do,” said Desmond Tutu.

“That’s why Leah and I took this step, to do our part to start the national healing process so we can end this pandemic. We have to do this together!” he said, before adding, in jest, “Believe me, when you get to our age, little needles worry you far less than bending over does.”

Winde said it was an honour to join the Tutus for their vaccines and the start of phase 2. He encouraged those residents who are eligible to register for the vaccine. “I also call on those who aren’t yet eligible to play their part in assisting those who are with registering,” he said.

WESTERN CAPE’S PHASED ROLLOUT

The province said named the first seven public vaccination sites, which include Brooklyn Chest Hospital, Helderberg Hospital, Mitchells Plain Hospital, Khayelitsha District Hospital, Karl Bremer Hospital, Brackenfell Clinic, Albow Gardens Clinic. Over time, this will be ramped up to 70 metro and 204 rural sites.

During the first week of vaccination preference will be given to the elderly who live in Old Age Homes, who will be vaccinated on site. “Our plan is to bring vaccination sites online in a gradual way, the majority of people who have registered should start getting SMSs in the next two to three weeks,” said the province.

“The Department will work as fast as we can to enable good access to vaccination to all our citizens, starting with the most vulnerable,” said Dr Keith Cloete.

“We urge all members of the community and partners, to help us register and vaccinate the elderly to protect them from severe illness ahead of the Third Wave of COVID-19.”

Source : The South African More   

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.