January - fuel price may increase...

[Nox]

"Efficient Group economist Dawie Roodt told Fin24 that he expected the petrol price to increase by between 30c and 49c a litre (c/l) in January.

This is largely due to the increase in international oil prices and a weaker rand.

A tough year ahead

Roodt said 2014 is going to be a difficult year. "It all adds up. This increase will not break the camel's back, but the accumulative increases will eventually be too much."

The latest prediction follows a 17c/l increase in the price of both grades of petrol, a 10 c/l hike for diesel and a 16 c/l rise for illuminating paraffin.

In November, motorists got a slight relief with a 28c/l drop in the petrol price.

Debt expert Neil Roets told Fin24 that a petrol hike will devastate consumers.

Shopping mania

He said the looming petrol price hike is devastating news for consumers, especially after all the Christmas shopping and with New Year’s celebrations on the way.

"People simply did not budget for yet another petrol price increase so soon after the previous one," said Roets.

"With holidays already planned, most consumers will not be able to escape the effect of the price increase".

Roets said January is generally a difficult time for consumers because a lot of money is spent over the festive season and there are a lot of financial demands, like school uniforms and stationary.

"This looming petrol price increase will just make matters worse as it will also cause the prices of goods and services to go up."

Be money smart

He advised consumer to draw up a budget as soon as possible.

"When you draw up your budget, it is very important that it is realistic and that it makes provision for unexpected expenses, like a petrol price increase.

"It is also very important to distinguish between what you want to buy and what you actually need to buy."

Follow these tips to save on petrol:

- Lighten your load
- Avoid excess idling
- Service your car regularly
- Switch off the aircon
- Check your tyre pressure

"

[johannes14]

Not good news

[Southerndreams]

Not good news

Not at all

[tp007]

And probably because people are not paying etoll as the hoped...

Less kms on the v6, more on the bike....

[Edwonne]

Draw up what budget??Elke jaar moet ons draw up a budget.Ek raak sommer vanvoor af die bl$%# in.Gaan nou eers n gin en dry lemon gooi vir die pyn en slegte nuus...

[Dustbin]

I have a 130l tank..... so that's R69 extra per tank...... wow

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[Jeep Fan]

Petrol 39sent en diesel 32 sent

[Dustbin]

Petrol 39sent en diesel 32 sent

Ok...
R51/tank



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[johannes14]

Ok...
R51/tank



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but don't you get sponsored petrol

[Dustbin]

but don't you get sponsored petrol

Only in my dreams...

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[DCR]

Will have to use the bike more and the Landy less...

[Prof]

Will have to use the bike more and the Landy less...

So you are saying Landy not fuel efficient...

[DCR]

So you are saying Landy not fuel efficient...

It's not bad for a proper 4x4, but the bike is better. Really need nothing more than the little KTM for the daily commute.