{"id":212661,"date":"2017-11-23T16:07:16","date_gmt":"2017-11-23T14:07:16","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=212661"},"modified":"2017-11-23T16:07:16","modified_gmt":"2017-11-23T14:07:16","slug":"expect-december-fuel-prices-to-go-up-70-cents-reserve-bank","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/motoring\/212661\/expect-december-fuel-prices-to-go-up-70-cents-reserve-bank\/","title":{"rendered":"Expect December fuel prices to go up 70 cents: Reserve Bank"},"content":{"rendered":"<p>South Africans should expect a fuel price increase of around 70 cents in December, said Reserve Bank Governor\u00a0Lesetja Kganyago, ahead of the repo rates announcement on Thursday afternoon.<\/p>\n<p>This would mark the fifth consecutive month of increases &#8211; and with 93 petrol rising from R12.63 in July, to an expected R14.53 in December.<\/p>\n<p>95 Petrol has increased from R12.86 to R14.79 in the same time period.<\/p>\n<p>Commenting on unaudited mid-month fuel price data released by the\u00a0<strong><a href=\"http:\/\/www.cefgroup.co.za\/wp-content\/uploads\/2013\/10\/Daily-14-11-2017.pdf\">Central Energy Fund (CEF) <\/a><\/strong>last week, the\u00a0Automobile Association (AA) said that the steep increase was due to a number of factors including the Rand\u2019s one-year low to the dollar and heavy increases in international oil prices.<\/p>\n<p>At the time it stated that\u00a0motorists can expect to pay an increase of 74 cents for 95 petrol, and 75 cents for 93 petrol.<\/p>\n<p>However it warned that the increase could increase, and continue into 2018 should South Africa face further credit ratings downgrades.<\/p>\n<p>\u201cConcerns over government\u2019s fiscal discipline are likely to continue weighing heavily on the Rand, and if these factors combine with continued oil strength, South Africans will face heavy fuel price hikes for the remainder of 2017 and into early 2018,&#8221; it said.<\/p>\n<p>The department of energy is expected to publish the official price increase next week.<\/p>\n<hr \/>\n<div class=\"bt_table\"><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/energy\/211373\/south-africa-is-still-one-of-the-most-expensive-places-in-the-world-to-keep-your-petrol-tank-full\/\" target=\"_blank\" rel=\"noopener\">South Africa is still one of the most expensive places in the world to keep your petrol tank full<\/a><\/strong><\/div>\n","protected":false},"excerpt":{"rendered":"<p>South Africans should expect a fuel price increase of around 70 cents in December.<\/p>\n","protected":false},"author":10,"featured_media":124401,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11119],"tags":[26,3994],"class_list":["post-212661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-motoring","tag-headline","tag-petrol"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/212661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=212661"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/212661\/revisions"}],"predecessor-version":[{"id":212693,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/212661\/revisions\/212693"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/124401"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=212661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=212661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=212661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}