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PETROL PRICE RESISTANCE

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CHATTYCHAT
Super Contributor
By now you probably thinking petrol priced at about R7.00 is cheap. It is currently at +- R8.00 for regular and unleaded. Now that the oil companies and the OPEC nations (the bullies like US and Britain) have conditioned us to think that the cost of a liter is cheap at R 7.00 we need to take aggressive action to teach them that buyers control the marketplace......... not the sellers. The only way we're going to see the price of petrol come down is if we hit someone in the pocket by not purchasing their petrol. How? Since we rely on our cars, we just cannot stop buying petrol. But we can have an impact on petrol prices if we all act together to force a price war. Here's the idea: For the rest of the year, don't purchase any petrol from the two biggest overseas oil companies (which are now one), SHELL and BP... - So buy Sasol / Engen / Excel) When the overseas companies are not selling any petrol, they will be inclined to reduce their prices. When they reduce their prices, the other companies will have to follow suit. COMMENCING NOW DON'T BUY BP /SHELL, go and support SA Brand SASOL, our currency and economy will be strengthen by 65% in 18 months the capital will stay in SA. South Africa must stop feeding the world giants - it must feed itself.
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10 REPLIES 10
DR_1
Super Contributor
its clear you dont understand the oil industry or how it works
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Pluto
Contributor
The price of petrol is fixed by the Government using a formula - oil companies have no control over this price!!
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Not applicable
Also, according to Bloomberg, BP and Shell wish to sell their refinary in SA!
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Wino
Super Contributor
If PetroSA go ahead with a new refinery at Coega, the majors (BP, Shell, Engen, Caltex) might as well sell/close their refineries because they are so old and inefficient. Besides, the new refinery will swallow them in terms of volume. And Chattychat, there have been many attempts at this by people who don't understand. The companies you mentioned, except for Sasol, get there fuel from one of the refners mentioned above anyway and add to that the regulations, distributions etc., such a boycott will not make an iota of difference.
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CHATTYCHAT
Super Contributor
I agree - a large number of mysteries behind fuel supply and distribution. However, the underlying message from my post which was copied from an unknown source is that consumer resistance must be developed in the areas where price fixing is at the order of the day. Else, the fundamentals of our economic order is dysfunctional.
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BoburUncle
Regular Contributor
Change the way the government is ripping us off first before changing the petrol buying habits of people. We are paying over R2 on taxes alone per liter of fuel.
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genie2b
Frequent Contributor
Un-fortunately even local players need to import crude oil to assist with the fuel volumes required...thus by using only local produced fuel will not solve the underlying issue. The other factor which needs to be taken into accoutn is at what price is fuel being exported to neighbouring countries, is the same taxes applied or not....just some other factors to be taken into account in my opinion...:)
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CHATTYCHAT
Super Contributor
NOW your talking. Same with food stuffs and electricity for which the account rendered creates some doubt that it will be paid (which is now drifting off the subject.)
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Wino
Super Contributor
Guys, these arguments are rather superflous. The only way to build resistance/pressure is for people, en masse, to leave their cars at home and use their bicycles. That ain't going to happen so there is no point. Targeting 1 or 2 suppliers will also mean zip because they are all in the same boat. The only thing you can target is diesel 50 or 500ppm. In this case, the individual service station can set their own retail price and you can therefore shop around. Funny thing though is, the wholesale price is also fixed. So oil companies don't have room to move, only the station owner.
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Not applicable
true that would work. I use a diesel car....not regulated, you should see how the prices vary and when you find a cheap supplier they usually do not have the quality mordern cars need. So just keep in that bent position and let the big boys keep sticking it in or leave your car at home
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