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Rand strength shields consumers on oil price.
Byline: Siseko Njobeni
Rand strength shields consumers on oil price SISEKO NJOBENI Energy Affairs Editor THE petrol price is set for an increase of more than 13c/l next week, according to predictions by economists. The expected fuel adjustments, to be announced by the Department of Energy tomorrow, are expected to show that, like last month, the strengthening rand has shielded consumers from the full effect of rising oil prices.
The past month has seen a surge in the price of international oil, raising the prospects of higher fuel costs. According to the basic fuel price data, published by the Central Energy Fund (CEF), in the period between the end of last month and …
