Petrol Price Increase

[tec0]

Well there is good news!!
If the rand stays where it is and the oil price remains the same we should get a 53c reduction next month??

I don’t know I may be wrong but my personal market pointers is showing a steady drop the Rand will weaken soon. I hope I am wrong….

[Citizen X]

We living in perilous times. No one that uses public transport like the concept of public transport. The only reason that they use public transport is becuase they have no choice. That delusion by the government that public transport will improve and more people will turn to public transport is just that a delusion
"Could it be that it's just an illusion putting me back in all this confusion?
Could it be that it's just an illusion now?"

[Nickolai Naydenov]

Thanks for the post Miro. I understand all the costs involved but what I was looking for is for the formula as to how is petrol price calculated. The article you gave as example is 5 years old, tax is more and other costs would have changed as well, but at the same time I would like to know how do they get to the final cents per litre in context with the price of brent crude which contains different elements.

On the other hand what gets to me is the exorbitant taxes that we pay in genernal, tke petrol for an example, in Swaziland it is dheaper despite the fact that it comes from SA and despite the fact that there are import/export duties and transport costs involved. Take a BMW produced in SA, exported to Australia sold at a lower price than where it was produced, this is just ridiculous. Then consider the fact that about 7 million people in SA pay tax but the population is 50 million, these are just some crazy stats and it makes me so angry