By Lelethu Mquqo
11 April 2011
Economists are predicting the gloomy news for motorists that the price of petrol is expected to exceed R10 a litre next month.
This comes as Brent crude oil, which is used as a benchmark by South Africa, remained above the $127 a barrel level.
However, there is a glimmer of hope that things could improve and the analysts say that peace talks in Libya, where the unrest has been supporting oil prices, will definitely affect the oil market.
President Jacob Zuma has met with Muammar Gaddafi and is full of confidence that the unstable situation in Libya will soon be resolved.
Subscribe to:
Post Comments (Atom)
Thousands march to WCED calling for Justice for CweCwe
Thousands of protestors in Cape Town joined a nationwide march calling for Justice for CweCwe. The learner from Bergview College in the East...
-
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