{"id":52615,"date":"2014-02-03T12:47:30","date_gmt":"2014-02-03T10:47:30","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=52615"},"modified":"2014-02-04T08:43:57","modified_gmt":"2014-02-04T06:43:57","slug":"petrol-price-to-hit-r16-a-litre","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/52615\/petrol-price-to-hit-r16-a-litre\/","title":{"rendered":"Petrol price to hit R16 a litre?"},"content":{"rendered":"

If the rand’s depreciation continued unchecked, a petrol price of R16 per litre was possible in the medium-term, the Automobile Association<\/a> said on Monday.<\/p>\n

“On December 27, a dollar cost R10.35. By January 27 it cost R11.20.<\/p>\n

“Meanwhile, international petroleum prices have ticked up slightly since our last review of fuel price trends in mid-January, so it’s a double whammy for motorists,” the AA said in a statement.<\/p>\n

Last week, SA Reserve Bank<\/a> governor Gill Marcus<\/a> said the weak rand exchange rate affected the petrol price, which in December and January increased by an accumulative 55 cents per litre.<\/p>\n

The petrol price is set to increase by 39 cents a litre on Wednesday (5 February)<\/strong>, the department of energy announced last week.<\/p>\n

The AA expressed concern that the knock-on inflationary effect of the recent fuel price hikes would send further shocks into the economy.<\/p>\n

Last year’s credit data showed that almost half of credit-active consumers had an “impaired” credit record.<\/p>\n

“We believe it will be very difficult for such people to absorb the effects of ongoing fuel price increases,” the AA said.<\/p>\n

More on petrol prices<\/h3>\n

Petrol relief for SA motorists<\/strong><\/a><\/p>\n

Petrol price seen lower<\/strong><\/a><\/p>\n

\n

Petrol price to drop as oil prices settle<\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

If the rand’s depreciation continued unchecked, a petrol price of R16 per litre was possible in the medium-term, the Automobile Association said on Monday.<\/p>\n","protected":false},"author":4,"featured_media":41809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3328,26,2171],"class_list":["post-52615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-automobile-association","tag-headline","tag-petrol-price"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/52615","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=52615"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/52615\/revisions"}],"predecessor-version":[{"id":52661,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/52615\/revisions\/52661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/41809"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=52615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=52615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=52615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}