I’ve just filled up with petrol, we’ve had monthly increases for 5 or 6 months now.
Our petrol and diesel prices are regulated by the government and adjusted on the 1st Wednesday of each month, the two variables being the Brent crude price and dollar exchange rate.
This month’s hike also included a tax increase announced in our recent Budget.
R9.18 / litre at today’s exchange rate would be about US$ 1.33 ( £0.82 )
I have a feeling that these latest increases are going to hurt our and your economies severely in the near future.
I was wondering what do others around the world pay?
Conversions to US$ or £ would be appreciated.