Page 6 - 24 January 2025

PAGE 6 · THE REPORTER 24 JANUARY 2025

Here is the expected

petrol price for February

BUSINESSTECH, Staff Writer, 15 Jan 2025
Mid-month data from the
Central Energy Fund (CEF)
points to a significant hike in
petrol and diesel prices next
month, with a weaker rand
and volatile oil prices
Ons wens die volgende tagtigjariges van harte geluk working against motorists.
met hul verjaarsdae en wens hulle alles van die beste The year started off with a
vir die toekoms toe: kick in the teeth for
motorists, with petrol and
We congratulate the following octogenarians on their diesel prices both increasing
birthdays and wish them everything of the best for the
at the start of January. primarily governed by the
future: The rand has been under 25 bps before year-end.
This trend is set to continue rand/dollar exchange rate pressure since the start of
Stan Terry (ex-Elliot), 90 on 26 January into February, with petrol and international oil prices. the year, hitting January at According to Investec chief
Lorraine van den Berg, 94 op 28 Januarie prices projected to climb In South Africa, the fuel price R18.78/$, after reaching economist Annabel Bishop,
not only does this have a
Cecily Minnie, 83 on 29 January between 75 cents and 81 is adjusted on the first R17.60/$ in December. direct impact on the rand, it
cents per litre, while diesel Wednesday of every month The local unit weekend even also has a knock-on effect
Summerfest 2024 prices are expected to jump based on these two factors. further this week, reaching through our own Reserve
around 89 cents per litre. In January, the rand has wea- 19.23/$ on Monday. Bank rate decisions.
VAG KOMPETISIE These are the current kened significantly against The weakening has been She noted that the SARB’s
projections: the dollar—pushing past next policy move is expected
Summerfest 2024 BKB Vag Kompetisie R19/$ at one stage — while driven largely by news out of
• Petrol 93: increase of 81 the United States, with the to be a small 25bp cut at the
Daar was 6 klasse om in deel te neem: international product prices
cents per litre incoming presidency of end of January, but this will
Eerste klas Merino Ram: • Petrol 95: increase of 75 — directed by oil prices — Donald Trump adding shrink the rate differential
1ste plek, Henry Cronje cents per litre have also leaned higher in uncertainty to global between the US and SA,
2de plek, Pat Vorster • Diesel 0.05% (wholesale): recent weeks. markets—pushing risk- weakening the rand.
3de plek, Peet Naude increase of 90 cents per Both factors are contributing seeking to the side—while The SARB may err on the
Tweede klas Merino Ooie: litre to under-recoveries in fuel US economic data also held side of caution and also
1ste plek, Pat Vorster • Diesel 0.005% (whole- prices, leading to a likely firm. delay further rate cuts until
2de plek, Pat Vorster sale): increase of 88 cents price hike. One of the key results of this the US Fed cuts again —
3de plek, Stephan Nel per litre Rand/Dollar Exchange combination is that the US which may only be at the end
Derde klas Merino Lam: • Illuminating paraffin: in- The rand has had a rough Fed has driven a narrative of the year.
1ste plek, James Reeders crease of 73 cents per litre that interest rate cuts will not This is how prices could
2de plek, Marx Van Rooyen The CEF does not present start to 2025, weakening sig- be coming hard and fast at reflect in February (Diesel
nificantly against the US dol-
3de plek, James Reeders daily snapshot data for LP Gas. lar along with other emer- all, with analysts now prices reflect wholesale,
Vierde klas Dohne Ooi: The Department of Petro- ging market currencies. pencilling in only one cut of pump prices will differ):
1ste plek, Cecil vd Merwe (Snr) leum and Mineral Resources
2de plek, Mannetjie Schoeman has noted that its daily Inland January Official February Expected
3de plek, Mannetjie Schoeman snapshots are not predictive 93 Petrol R21.34 R22.15
Vyfde klas Dohne lam klas: and do not encompass other 95 Petrol R21.59 R22.34
1ste plek, Vossie en Kosie Pretorius possible modifications, such Diesel 0.05% (wholesale) R19.29 R20.19
2de plek, Cecil vd Merwe (Jnr) as slate levy adjustments or Diesel 0.005% (wholesale) R19.44 R20.32
Sesde klas beste groep van die 3 Vagte: retail margin changes. Illuminating Paraffin R13.26 R13.99
Pat Vorster The department determines Coastal January Official February Expected
Summerfest beste 5 Vagte oor hele kompetisie: these adjustments, consi- 93 Petrol R20.55 R21.36
95 Petrol
R20.80
R21.55
Kampioen, Pat Vorster dering various factors, at the
Reserwe kampioen James Reeders end of the month. Diesel 0.05% (wholesale) R18.50 R19.40
1ste plek, Cecil vd Merwe (Snr) Domestic fuel costs are Diesel 0.005% (wholesale) R18.68 R19.56
2de plek, Henry Cronje Illuminating Paraffin R12.26 R12.99
3de plek, Pat Vorster

Hierdie lys van funksies en gebeure word
gepubliseer in ‘n poging om te verhoed dat
belangrike fondsinsameling pogings bots. Funksies
geplaas op voorwaarde dat ‘n advertensie later
geplaas word. ‘n Rekening sal gestuur word
indien daar nie ‘n advertensie geplaas word nie.
FEBRUARY 2025
4 Kevlynn Dohne Merino Sale (Dordrecht)
22-23 Stoepsit Fees (Rhodes) with local tours on
offer on Friday 21 and Monday 24