SOUTH AFRICANS FACING YET ANOTHER MASSIVE FUEL PRICE INCREASE UNDER THE INCOMPETENT ANC REGIME

 

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Article posted by: White Nation correspondent Cape Town  September 14  2018

 

 

SOUTH AFRICA– THE MARXIST PIRATE’s REALM DOWN SOUTH

 

THE sad tale of reckless corruption, incompetence and state asset plundering by the ravenous ANC  now is taking it’s toll among South Africa’s general public. South African motorists are facing the biggest fuel price increases in the country’s history by far.

This according to the Automobile Association, in light of the Central Energy Fund’s unaudited mid-month data, which the association has been monitoring since 1 September. AA Spokesman Layton Beard said: “A spike in international oil prices and a huge swing in the Rand/US dollar exchange rate have combined to predict a knockout blow at the pumps at the end of September.Based on the current data, we’ll be paying R1.12 a liter more for petrol, and R1.17 a litre more for illuminating paraffin. But it is diesel users who will be hit hardest, with a possible price hike of R1.38 a liter, pushing it close to R16 a liter.”

To put that in perspective: In January 2018 the price of 93 unleaded petrol inland was R14.20 a liter; by the end of September we are looking at an inland price close to R17 a liter – an increase of about 20 percent since the beginning of this year.

‘Catastrophic for the for the agricultural sector’

If this level of under-recovery continues until the end of September, we are looking at paying R16.99 a liter for 93 octane petrol and R17.00 a liter for 95 octane petrol inland from 3 October, while the wholesale price of diesel will go up to R15.79. Beard pointed out that such a huge ride in the price of diesel will be catastrophic for the for the agricultural sector, which is already reeling from the prolonged drought, and could push marginal businesses, especially farms, to breaking point.

And of course the price of everything that has to be transported, especially food, will go up accordingly, so even if you don’t drive, your wallet is in for a shock. The association once again called on government to address as a matter of urgency the policy and structural issues that put fuel users in the front line of the Rand’s weakness.

 

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Now the theft of the gold bullion by the ANC and Nationalist regimes in 1994 is starting to show catastrophic effects as the rand was linked to gold before 1994. After the theft of R 4 TRILLION gold reserves  from the Reserve Bank- which was transferred to America to boost it’s economy- the rand was linked to OIL– one of the most unstable guarantees ever. Linked with this the incompetence, corruption and theft of South Africa’s oil reserves at Saldannah by Zuma and Joemat Petersen which they sold at cheapskate prices to the Chinese, – and state asset plundering by the ANC- and South Africa now have no oil back up to support the escalating oil prices. The country now spins in a spiral of uncontrollable financial plunging…and the slow starvation of the populace by the communist rats  proceed unchecked.

 

RESOURCED: 

https://www.msn.com/en-za/cars/news/brace-yourself-for-massive-fuel-price-hike-aa/ar-BBNh9p0?ocid=ientp

 

 

 

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