South African consumers and retailers have been warned to brace themselves for yet more fuel price increases in November. Volatile fuel pricing is likely to ...
Heilbron says, “The key to accessing these opportunities is affordable and hassle-free funding that lets your retail business bulk buy stock at discounted rates, invest in technology or revamp your store. Even adding a bistro or an interactive product display can attract customers and get them to linger. A funding loan of R700,000 to pay for a diesel consignment over a 90-day repayment period ahead of the estimated diesel price hike in November, to be settled in the first 30 days, can equate to a profit of around R26,000 after finance charges. Retailers should be present where the customer is, offering choices to buy online-pickup instore, curb-side pickup and in-store shopping. South African consumers and retailers have been warned to brace themselves for yet more fuel price increases in November. They can use predictive analytics to forecast which products will be in demand by season.
Commercial transport operators in Calabar, the Cross River State capital, have increased their fares by about 100 percent.
Cab drivers also charged N100 for a trip of N50, saying they cannot buy fuel for N200 per litre and still charge the old fare. Also, tricycle operators now collect N100 for a trip from Goldie to Watt market rather than the N50 they hitherto collected from commuters. For instance, a trip from Eta Agbor to Marian and Mobil which attracted a fee N100 before has now increased N150.
South Africans should expect inflation to remain elevated in the coming months, economists say, as higher diesel prices and input costs ripple through the ...
This is followed by food products, beverages, and tobacco products – increasing by 12.1% year-on-year. The BER noted that while the view that South Africa’s headline CPI inflation peaked in July, the message from the latest PPI data, the fuel price hikes (51c/litre for petrol and a hefty R1.43 for diesel) this week, as well as recent corporate commentary, supports an outlook for CPI to remain sticky above 7% year-on-year for the next several months. This means that food producers are likely to adjust prices to accommodate the rising cost of fuel – especially the agricultural industry, as fuel accounts for 13% of its input costs, said chief economist at the Agricultural Business Chamber of South Africa Wandile Sihlobo. This concern over food prices has been exacerbated by the fact that the cost of diesel – a primary input for manufacturing, agriculture, and trucking – would increase to over While the group noted that local prices had been kept lower than international markets due to local surplus production, it warned that under a scenario where South Africa does not produce surpluses of these crops, prices would rise to import parity – this would lead to price increases of at least 30%. Of these indicators, a concern is that manufactured food products increased by a higher-than-expected 1.3% month-on-month in September after a 1% rise in August, the BER said, which suggests that there is more pressure to come on consumer food prices.
South Africans will be paying more at the pumps from Wednesday following the increase of all grades of fuel.
The weaker Rand led to higher contributions to the Basic Fuel Prices of petrol, diesel and illuminating paraffin by 37c per litre, 52c per litre and 48c per litre respectively," the statement read. The average international product prices of petrol, illuminating paraffin and diesel increased while LPG prices decreased during the period under review. "The Rand depreciated on average against the USD, from R17.55 to R18.11 Rand per USD, during the period under review when compared to the previous one.
The diesel price hike comes amid rising global demand for the fuel, with analysts pointing to further pricing strain down the line. This is significant because ...
R1 545.00 R1 529.40 Difference in November R1 158.75 R1 147.05 R1 354.20 November Official We are very aware that the diesel price is determined by external factors; however, the reality is every time the price increases, transporters have to pass that cost on. This is significant because diesel is used in most trucks that freight goods across the country. The biggest pain, however, comes for owners of diesel vehicles. “Every time it increases, it increases the cost of moving the goods through South Africa. This extends to other transporters as well, with public transport also heavily impacted by the increases.
The Ministry of Mine and Energy(MME) on Monday announced that diesel prices will increase by N$1.98 per litre and petrol prices will remain unchanged. The new ...
“This has also placed additional pressure on the local fuel prices that are paid by consumers at the pumps. These adjustments will become effective at 00h01 on 2 November. [World Food Day puts a spotlight on Africa’s hunger crisis](https://economist.com.na/74292/columns/world-food-day-puts-a-spotlight-on-africas-hunger-crisis/) [Guest Contributor](https://economist.com.na/author/guest-contributor/)
Diesel is expected to increase by R1.43-cents a litre – with both grades of petrol due to go up by 51-cents a litre. The Association's Spokesperson is Layton ...
“We need to see if that is a trend that continues in November, going into December, but that is the main driver at the moment,” the spokesperson added. [the increases we are seeing going into November, s](https://www.sabcnews.com/sabcnews/fuel-prices-expected-to-rise-in-november/)o that is the worry”. [The Automobile Association](https://www.sabcnews.com/sabcnews/automobile-association-warns-of-further-fuel-hikes/) has raised concerns over further fuel price increases, [due to take effect in November](https://www.sabcnews.com/sabcnews/fuel-prices-expected-to-rise-in-november/), saying international oil costs are the major contributing factor.
Durban — Every resident of South Africa is harmed by the rising diesel price and agriculture faces an extra challenge, as some farmers are rethinking ...
It is the government’s responsibility to create an environment of confidence so that the rand does not continue to weaken.” The government must realise that there are big problems here if the situation is not addressed,” said Van Zyl. This is according to the Transvaal Agricultural Union of South Africa (TLU SA).
Drivers have been warned about the rising price of petrol and diesel, with both costs creeping up at a time when people are struggling with the cost of ...
[diesel](/latest/diesel) have gone back above 190p a litre, having last been at that level on August 3, according to AA data. The AA believes that the reduction in car travel is due to more drivers either cutting out short journeys or combining trips to try to counter the impact of record pump prices in July. This is despite a persistent five percent to 10 percent reduction in car travel since the end of the lockdown. [Cyclists warned riding in the middle of the road is 'daft'](/life-style/cars/1689572/driving-law-changes-cyclists-driver-warning-highway-code) Rising to 190.12p a litre over the weekend, the fuel that powers haulage, deliveries and other working [road transport](/life-style/cars) had fallen to a summer low of 180.18p a litre on 29 September. To add to the misery of diesel car owners, the price gap with petrol has now grown to 23.95p.
The Department of Mineral Resources and Energy has confirmed the final fuel adjustments for November 2022. Fill up today!
ALSO READ The Department of Mineral Resources and Energy has confirmed the final fuel adjustments for November 2022. [confirmed](https://twitter.com/DMRE_ZA/status/1586028755075485703) the final fuel adjustments for November 2022, as reported by [The South African website](https://www.thesouthafrican.com/news/november-fuel-price-increase-petrol-diesel-28-october-2022-breaking-how-much/).
ISLAMABAD: The prices of petroleum products will remain unchanged effective from November 1, Finance Minister Ishaq Dar announced Monday, ...
The SBP will start clearing them from tomorrow,” Dar said. This is the second extension issued by the Federal Board of Revenue (FBR). Citizens can now file their tax returns by November 30. Rs191.83 Rs235.30 Rs224.80
ISLAMABAD: The Government of Pakistan Monday kept the price of petrol unchanged at Rs224.80 per litre ahead of the International Monetary Fund review ...
This is the second extension issued by the Federal Board of Revenue (FBR). The SBP will start clearing them from tomorrow,” Dar said. Earlier, the government had decided that LCs and payments of up to $50,000 would be released. Rs191.83 Rs235.30 Rs224.80
Qatar, on Monday (October 31), announced gasoline and diesel prices for November 2022. Almost all rates have remained unchanged in the Gulf country for the.
However, since August, the fuel prices have been slashed for three consecutive months, much to the relief of residents. Qatar, on Monday (October 31), announced gasoline and diesel prices for November 2022. In October, Super 98 petrol cost Dh3.03 a litre - a fall of Dh1.6 as compared to the prices in July.
Will the fuel prices be going up, down or will they remain the same for November 2022? Find out here!
Do let us know in our comments section. What are your thoughts on the fuel prices for November 2022? The Diesel price is the same in November from October = QR 2.05
With the petrol price set to increase in November, with both 93 and 95 octane fuel increasing by 51 cents a litre on Wednesday, and diesel set to go up by R1.43 ...
There is a large part of our population that can no longer afford the basics, and this can result in major negative events,” says TLU SA’s Erika Helm. It is the government's responsibility to create an environment of confidence so that the rand does not continue to weaken.” The government must realise that there are big problems here if the situation is not addressed,” said Bennie van Zyl, TLU SA general manager.
The UAE fuel price follow-up committee announced the new rates on Monday. Here's how much it will cost to fuel up your vehicle this month UAE petrol prices ...
[World Oil Outlook report](https://www.opec.org/opec_web/en/publications/340.htm) suggests that world oil consumption will hit 109.5 million barrels a day in 2035 and hold the same level for another decade. The group’s This agreement is set to begin taking effect from November. Diesel – AED 4.01 a litre E-Plus – AED 3.13 a litre Special 95 – AED 3.20 a litre
The UAE fuel price committee on October 31 announced petrol and diesel prices for the month of November 2022...
E-Plus 91 petrol will cost Dh3.13 a litre, compared to Dh2.85 a litre last month, while diesel will be charged at Dh4.01 a litre compared to Dh3.76 in October. Special 95 petrol will cost Dh3.20 per litre, compared to Dh2.92 in October. Starting November 1, Super 98 petrol will cost Dh3.32 a litre, compared to Dh3.03 in October.
In 2020, prices were frozen by the Fuel Price Committee after the onset of the coronavirus pandemic. The controls were removed in March 2021 to reflect the ...
In 2020, prices were frozen by the Fuel Price Committee after the onset of the coronavirus pandemic. • E-plus 91: Dh3.13 — from Dh2.85 in October • Diesel: Dh4.01 — from Dh3.76 in October The high prices came amid soaring global oil prices. • Special 95: Dh3.20 — from Dh2.92 in October • Super 98: Dh3.32— from Dh3.03 in October
Petrol 93 and 95 Unleaded Petrol (ULP) and LRP to increase by R0.51 while diesel will increase by R1.42 per litre.
So, the profit is getting less and less,” he said. Even though wages for those who stayed in employment recovered faster than anticipated, the inequality gap has risen in South Africa, placing more pressure on people,” she said. The government must realise that there are big problems here if the situation is not addressed,” he said. So, I fill up regularly which hurts my pocket,” he said. “There’s a lot of anxiety and stress on the public about affordability and the cost of living,” she said. When I fill up with R1200 it only lasts three days. “We are suffering, we have a family to feed so we have to find a way to make it work,” he said. In 2020 the petrol price increased to R13.88 for 93 UPL and R14.59 for 95 ULP and R12.29 for a litre of diesel. “The petrol price is so expensive I had to cut on trips. “Every resident of South Africa was affected by the rising diesel price,” he said. By 2015, 93 UPL increased to R11.82 per litre while 95 UPL increased to R12.61 per litre and diesel R10.90. [Department of Mineral Resources and Energy](https://www.dmr.gov.za/) announced Petrol 93 and 95 Unleaded Petrol (ULP) and LRP to increase by R0.51 while diesel will increase by R1.42 per litre.
The price of petrol and diesel are going up on November 2. Let's take a closer look at what's happening, and how much more you'll pay per tank from ...
The tank price will vary between outlets as diesel is unregulated, but expect to pay somewhat more than the wholesale prices of R25.11 (coast) and (R25.74) inland for 50ppm. Brent Crude oil prices also increased earlier in October after the Organisation of the Petroleum Exporting Countries (Opec) agreed on its biggest production cut since the pandemic. If you put 35 litres into the fuel tank of a small car like the Volkswagen Polo (with a 40 litre tank that you’re presumably not going to empty), then expect to pay R17.85 more per tank from November. The local currency depreciated from an average of R17.56 in September to R18.11 in October, according to data released by Nedbank. Diesel will see much steeper increases, of R1.43 (500ppm) and R1.44 (50ppm), making this economic lifeblood more expensive than it has ever been. Putting 70 litres into the 80 litre tanks will cost an extra R100.
It is to be noted here that the federal government has the power to levy a maximum of Rs50 levy on petrol. Besides, the levy on high-speed diesel has also been ...
It is to be noted here that the federal government has the power to levy a maximum of Rs50 levy on petrol. The federal government has deprived the citizens of relief in the petrol price by not passing the slump in global rates to the users, instead using it to increase the levy on petrol by Rs2.74 to Rs50 per litre. It merits a mention here that if the levy was not increased, relief in the petrol price could have been passed on to the people.
The Energy Department confirmed that the petrol price will increase by 51 cents per litre and diesel by R1.43 cents for the month of November.
The Energy Department confirmed that the petrol price will increase by 51 cents per litre and diesel by R1.43 cents for the month of November.
While the November fuel price hike won't hurt owners of petrol cars that much, owners of big diesel cars are in for a nasty surprise.
The oil-burning Prado can take 150 litres of diesel by virtue of its 87-litre tank and 63-litre reserve tank and will cost R216 more to fill. Equipped with a 57-litre tank, the X-Trail will cost R82.08 more to fill with 50ppm diesel from Wednesday. The cost for every kilometre works out to R1.09. Every kilometre works out to R2.01. From today, it will cost R22.95 more to fill its 45-litre tank from completely empty with 93 octane. We used the recommended diesel price of R25.49 per litre for 50ppm, although the price varies between fuel stations. Depending on what car you drive, you might have to fork out almost R4 000 for filling up from completely empty. The X-Trail is capable of a range of 1 132km according to Nissan’s claimed fuel consumption of 5.3L/100km, which will result in a cost of R1.35 per kilometre. Based on fuel economy of 7.9L/100km, the bakkie is able to cover 962km on a single tank. The Chinese carmaker claims the Jolion uses 7.5 litres of petrol for every 100km, which works out to a range of 760km. As this popular little city slicker’s 35-litre petrol is one of the smaller ones around, it will only cost R17.85 more to fill it with 93 octane petrol from empty from today. With the diesel price rising to well over R25 per litre, owners of big oil-burning bakkies and SUVs will dread a visit to the fuel station.
Petrol prices in the UAE rose nearly 30 fils per litre in November. The increase comes after three months of reductions. Starting today, November 1, Super .
Fuel prices in the UAE were deregulated from August 2015 to link them with global crude rates. In the UAE, November prices are cheaper than those of six months of 2022 so far. In July, they reached an all-time high when Super 98 was priced at Dh4.63 per litre, on the back of the Russia-Ukraine conflict. Special 95 petrol will cost Dh3.20 per litre, compared to Dh2.92 in October. Starting today, November 1, Super 98 petrol will cost Dh3.32 a litre, compared to Dh3.03 in October. E-Plus 91 petrol will cost Dh3.13 a litre, compared to Dh2.85 a litre last month. Retail fuel prices in the UAE had dropped to the lowest in eight months in October. The prices are adjusted by the Ministry of Energy in the last week of every month and retailers the new rates from the first of every month. UAE retail fuel prices in 2022 (Dirhams per litre) Petrol prices in the UAE rose nearly 30 fils per litre in November. In June, petrol prices crossed the Dh4 mark for the first time. November petrol prices are much cheaper than the global average of Dh4.74 (as updated on October 24 on globalpetrolprices.com).