CAN someone in the industry please explain, without all the bull, the statement that we are not getting a petrol price reduction because the rand has dropped against the dollar.
Loading ...
CAN someone in the industry please explain, without all the bull, the statement that we are not getting a petrol price reduction because the rand has dropped against the dollar.
Two months ago, oil was $146 a barrel. At R7 to a dollar, it was R1022 a barrel.
Now oil is $66 a barrel, and the rand is R10 to a dollar, translating to R660 a barrel.
Hello? There has been a reduction of R362 a barrel. - Keith