Page 2 - 21 June 2024

PAGE 2 · THE REPORTER 21 JUNE 2024

Mid-month data from the of 49 cents per litre oil price that is working in
Central Energy Fund (CEF) • Illuminating paraffin: local motorists’ favour, with Congratulations to the Vermaak
shows that South African decrease of 45 cents the volatile rand currently
motorists are in store for per litre contributing to an under- family on this momentous occasion,
another big cut to fuel prices The CEF does not present recovery. especially to Stompie and Lindy-Lou
next month, with global oil daily snapshot data for LP The rand Vermaak, who started this business
prices working in our favour. 40 years ago and of course to the
Gas. The rand has had a very
The data from the CEF The Department of Mineral present management, Johannes and
shows that petrol prices are Resources and Energy shaky start to the month as
slated for a cut of around (DMRE) has noted that its markets digest the results of Hayley Smith.
the 2024 national election.
R1.15 per litre, while diesel daily snapshots are not This business has managed to survive
prices should fall by around predictive and do not On Friday, the rand was and thrive, despite setbacks, such as the
55 cents per litre. trading at R18.45 to the
encompass other possible devastating snow of 18 July 2002.
While this is a smaller cut modifications, such as slate dollar – stronger than the
than the R1.50 per litre levy adjustments or retail R18.80+ levels seen after We wish you a blessed future Stompie and Lindy-Lou Vermaak.
showing at the start of the margin changes. the election but still weaker
month, it is still a significant The department determines than the R18.10 levels seen
over-recovery in prices. just before the vote.
t h e s e a d j u s t m e n t s ,
These are the expected considering various factors, The weaker rand, relative to
changes: at the end of the month. t h e e n d o f M a y, i s
• Petrol 93: decrease of Domestic fuel costs are contributing to an under-
R1.18 per litre primarily governed by the recovery in prices of around
• Petrol 95: decrease of rand/dollar exchange rate 16 cents per litre.
R1.12 per litre and international oil prices. Oil prices
• D i e s e l 0 . 0 5 % In South Africa, the fuel price Global oil prices are telling a
(wholesale): decrease is adjusted on the first much better story, with
of 55 cents per litre Wednesday of every month prices recovering to below
• D i e s e l 0 . 0 0 5 % based on these two factors. $85 a barrel, currently sitting
(wholesale): decrease For July, it is only the global at $82.
Staff that have worked at Stompie’s for many years:
Sizwe (18 years), Henry (14 years) , Flux (34 years) and
Johannes Smith (16 years).

Current staff: Back: Sizwe, Henry, Flux, Johannes
Front: Amon, Lwando, Franco.
Both photographs taken from Hayley’s Facebook page.

The devastating snow of 18 July 2002.