Over the last six months, the cost of oil has fallen from $110 to the current price of just over $60 a barrel. Therefore, there have been three separate cuts in the value of petrol in South Africa, from just over R14 per liter in August 2014 to just over R10 per liter in February 2015. This drop is fantastic news when it comes to funding for the two organizations and buyers. In addition to the fluctuating cost of unrefined oil, however, some other factors also affect the value we pay when we top up our cars. This is what influences him further. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Since oil is traded in dollars, the Rand/Dollar conversion scale influences the number of Rands we have to pay for a barrel of oil. In recent months, the Rand has depreciated against the dollar, meaning that although the price of petrol has fallen, buying a similar amount of oil costs more. The net effect of this in recent times is a fall in the price of oil, but not as much as if the Rand had held its own. Fuel requests. The 1971 National Streets Demonstration allowed the South African government to make an exact amount of fuel from every liter of fuel sold. Since 1998, the government has raised over R240 billion in this way. Faced with the new spending plans set to materialize, it is normal that expenses on petrol are expanded keeping in mind the final objective of financing expenses, for example the next electronic toll framework. Fuel wholesalers in South Africa include the seven major oil organizations plus around 600 independent wholesalers. The government sets the discount margin, keeping it stable at around 15%. There are around 4600 petrol stations in South Africa which all need to benefit from the petrol they offer. Like the discount margin, South Africa's petrol retail net revenue is regulated by the Vitality Branch, and is controlled by each administrative station's individual expenses, including things like rent, intrigue, labor, overheads and innovative remunerations. Petrol and diesel are transported to terminals and service stations via pipelines, rail, sea and road, the charges for which are then included in the cost of petrol. This clarifies why fuel costs are lower in maritime urban communities where there are adjacent ports, rather than in inland urban areas where fuel should be easily transported by truck. It is important to understand the cost of gasoline in light of the fact that it affects both people and organizations as it rises and falls. For customers, rising oil prices mean less extra money for other products and ventures, especially extravagances. This then influences the amount of money organizations produce. Especially for organizations in the automotive or coordination industry, gasoline costs strongly influence their operating expenses. So, what's in store for the cost of gasoline in the coming months? Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay In a current article, the Automobile Association of South Africa said the expansion in The universal cost of oil, coupled with the surge in the Rand/Dollar conversion rate, means that the costs of petrol, diesel and paraffin for kindling will be quite likely to increase in the spring. In this way, although in the last two months we have..