Category: Research
Petrol goes up again (midnight on Tuesday) and 95 unleaded on the reef will now be 1194c a litre!
Below is the chart of petrol since January 2006 vs. the oil price*. Certainly there is a link of sorts, but you can also see the impact of the Rand and extra taxes and dealer margin coming in, especially in 2012 as oil has moved little while petrol has marched higher and the April increase includes the increased levy which in part is to pay for the new Gautang toll roads.
For petrol to move lower we need weaker oil and stronger Rand - and quickly.
Petrol vs. oil - chart
Sources;
Petrol price - AA of SA
WTI price - Index Mundi
* - Simple average of three spot prices; Dated Brent, West Texas Intermediate, and the Dubai Fateh, US Dollars per Barrel
REF :Simon Brown
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