South Africans will be disappointed to know that the petrol price will be going up yet again next week Wednesday, 2 May 2012. The increase will mark another double digit rise of about 21c taking the petrol price well beyond the record R11 per litre mark.
The unusually high price of Brent Crude Oil over March and April has played a significant role in rising petrol prices this year. This can largely be attributed to market reaction towards political unrest in major oil producing countries such as Libya, Syria and the Middle East.
