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Posted: 6 January 2011 - 0 comment(s) [ Comment ] - 0 trackback(s) [ Trackback ]
Category: Research

The Rand may be moving stronger, but the Oil price in USD is moving higher at an even faster rate - leaving South African's with a rising petrol price.

 

Below is a chart of the last 5 years of petrol prices in SA, using the JHB 95 price.

 

Now if oil does go through $100 (and maybe even $120) as some are suggesting we're certainly going to see R9 again and maybe even R10 (unless the Rand can hit 6 or even 5?)?

 

alt

 

Source: http://www.aa.co.za/content/59/fuel-pricing/

 

twitter.com/simonpb

 


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