By Khanyisa Tabata
29 April 2011
Economist Mike Schüssler says fuel prices in South Africa will continue to rise, as long as the political unrest in North Africa and the Middle East drags on.
The Energy Department yesterday announced petrol would go up by 29-cents a litre from Wednesday, while the diesel price will rise by 19-cents.
Schüssler says consumers can expect to see further increases in the coming months.
Meanwhile Kruger International economist, Ulrich Joubert says the fuel price outlook is not however all “doom and gloom”.
He says the current strength of the Rand, along with other factors, will help keep any further increases in the coming months at a respectable level.
Subscribe to:
Post Comments (Atom)
Police confiscates drugs worth millions across Cape Town
Western Cape police are making strides in the confiscation of drugs worth millions of rands. Two suspects were arrested in Mitchell’s Plai...
.jpeg)
-
A man suspected of killing and raping a number of members of the farm worker community in Philippi on the Cape Flats appears in a Cape Town ...
-
''Human behaviour is the main cause of wildfires.'' These remarks were made by the Western Cape’s Local Government, Environm...
No comments:
Post a Comment