Energy Live News’ Post

A significant increase in petrol and diesel prices is anticipated from 16th October. This rise comes amid escalating global oil prices and economic adjustments. The potential hike is expected to further burden consumers, affecting transportation costs and leading to broader inflationary impacts across the economy. Citizens and businesses alike are bracing for the repercussions as the government prepares to implement the revised fuel rates. #FuelPriceHike #PetrolDiesel #GlobalOilPrices #EconomicImpact #InflationConcerns #dailydawns

Good news for consumers as petrol prices are expected to decrease once again starting from September 16. This comes after a series of fluctuations in fuel prices, offering some relief to motorists amid rising inflation. The new pricing structure will soon be confirmed by the government, with experts predicting a notable reduction in costs. . . . #PetrolPrices #FuelEconomy #ConsumerRelief #EconomicUpdate #PakistanEnergy #dailydawns

Fuel Price Expected to Drop by Rs10 Per Litre The government is set to reduce petrol prices by Rs10 per litre. While this isn’t a huge amount, a bigger drop—like Rs40 to Rs50 per litre—would make a noticeable impact on business costs and overall inflation. Although global oil prices are falling, we hope to see further reductions like this in the future. A larger decrease would really help businesses lower their expenses and provide relief to consumers. How are you planning to adjust your business strategies if fuel prices continue to drop? #dailypakistannews #FuelPrices #BusinessImpact #Inflation #CostSavings #SocialMediaStrategy

Expected Fuel Price Drop in September: Relief for South African Motorists The Central Energy Fund (CEF) has shared mid-month data forecasting a substantial decrease in fuel prices for South African motorists next month. If market conditions hold steady, September could mark the fifth consecutive month of price reductions, offering much-needed relief to consumers. Expected Price Changes: - Petrol 93: Decrease of 62 cents per litre - Petrol 95: Decrease of 67 cents per litre - Diesel 0.05% (wholesale): Decrease of 53 cents per litre - Diesel 0.005% (wholesale): Decrease of 77 cents per litre - Illuminating Paraffin: Decrease of 78 cents per litre These adjustments are primarily influenced by the global oil price and the rand/dollar exchange rate. With oil prices trending below $80 a barrel and some fluctuations in the rand, motorists can expect positive year-to-date adjustments as these anticipated cuts take effect.

In a move aimed at providing relief to the common man, the government has announced a slight cut in the prices of petrol and diesel. The price of petrol has been reduced by Rs 2.5 per liter, while the price of diesel has been cut by Rs 2 per liter. This reduction in prices is expected to provide some respite to the general public, who have been facing high fuel prices for several months. The new prices will come into effect from midnight tonight and will be applicable across the country. The government has taken this decision in view of the declining international oil prices and the ongoing economic situation. The reduction in fuel prices is also expected to have a positive impact on the inflation rate, which has been a major concern for the government in recent times. The government has assured that it will continue to monitor the situation and take further steps to provide relief to the people. The price cut is seen as a welcome move by the public, who have been facing high fuel prices for a long time. The reduction in prices is expected to benefit not only the common man but also the transport sector, which has been severely affected by the high fuel prices. The government's decision is seen as a step in the right direction and is expected to provide some relief to the people in these difficult economic times. . . . #FuelPriceCut #PetrolPriceReduced #DieselPriceReduced #GovernmentRelief #EconomicRelief #InflationControl #FuelPricesDown #TransportationCosts #CommonManRelieved #EconomicGrowth #tribunetrends

The hike in fuel pump prices and electricity tariff are likely to push December inflation to more than 17 percent and fuel economic hardships, a business analyst, Michelle Morel has stated.

UASA Media Release: Lower fuel prices and CPI bring hope to workers’ finances UASA welcomes the lower fuel price announced by the Department of Mineral Resources and Energy (DMRE). The fifth consecutive month of fuel price cuts brings us back to prices last seen before the Russia-Ukraine war started in 2022, giving consumers some cash back after hitting the pumps. The DMRE says motorists can look forward to paying R1.14/L less for 95 unleaded petrol and R1.06/L less for 93 unleaded petrol. Diesel will decrease by R1.12/L for 0.005% sulphur and R1.14/L for 0.05% sulphur diesel. The wholesale price of illuminating paraffin will decrease by R1.11/L, while the maximum LP gas retail price will increase by 23c per KG. https://lnkd.in/gSV_Sxtx

he government has announced a slight increase in petrol prices, which is expected to have a ripple effect on transportation costs, inflation, and overall living expenses. Adjustments in fuel prices are often influenced by fluctuations in global oil prices and economic factors. While the increase may seem small, it can impact various sectors, from public transport to goods and services, adding pressure to household budgets. #petrolprice #fuelpriceincrease #economicupdate #inflation #transportcost #energysector #marketnews #livingcosts #startitpakistan

The Largest increase since June 2022 but yet mainstream media are insistent that the market is coming down. I wonder why? 🤔 💸 The recent increase in wholesale energy prices, particularly noticeable today, can be attributed primarily to a significant rise in fuel costs. This surge is largely driven by tighter oil supplies, as major oil-producing nations have restricted output. This reduction in supply has caused gasoline prices to jump by around 20% in August, which has, in turn, led to a 10.5% increase in overall energy prices. This spike in energy costs is reflected in the Producer Price Index (PPI), which measures inflation at the wholesale level. The PPI rose by 0.7% in August, marking its largest increase since June 2022. The escalation in energy prices is likely to ripple through the economy, affecting various sectors and potentially leading to higher consumer prices down the line. Tax increases are imminent. you decide where your profits are going to end up. tax? supplier risk? Soon you wont have a choice. ACT NOW! #energycontracts #flexibleenergy #wholesaletrading #energysupplier #ukgoverment #parliment

Check out my article regarding the announcement of fuel prices and their difference from early estimates. You can read it on The Current's page! ⚡