Petrol to cost as much as R17

Motorists will soon pay R17 for a litre of petrol. Minister Gwede Mantashe’s Department of Mineral Resources and Energy exceeded projections in announcing very steep fuel price increases on Thursday night. Mantashe says the dramatic price hikes are to blame on a variety of things, including low US crude oil inventory figures, the expected increased economic activity in the US due to the approval of their economic stimulus and a vessel stuck in the Suez Canal causing a delay for all cargo containers including oil tankers. The AA had warned that the latest increases would have a dire impact on ordinary South Africans.