Peter Bauer
Businessperson and former CEO of Mimecast
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APPEARANCES
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Sep 10, 2026
Price of oil rising - what this means for South Africa ?
2:09
2:29
2:46
2:52

John PerlmanHOST
If the prices are as high as they are now, pushing $105 a barrel and looking like they're continuing to head northwards, when will we feel that at the pumps? Because presumably what we pay for is based on the price when we bought the oil.

Peter BauerGUEST
And I mean, that's really, again, the key issue here is when you mentioned, you know, the prices going up and up, but then also we've seen those international prices going up, down, up, down, up, down, which means a huge amount of volatility.

Peter BauerGUEST
So it's the uncertainty really that is actually affecting us and infiltrating right down to the pump price.

Peter BauerGUEST
Some of the analysts are mentioning that we could in October, September, October, yes, we could see an additional two rand per litre increase in both diesel and petrol.