, ENG2601 Assignment 1 (COMPLETE ANSWERS)
Semester 1 2025 - DUE 9 MAY 2025; 100% TRUSTED
Complete, trusted solutions and explanations
ALL QUESTIONS ANSWERED CORRECTLY
READ THE TEXT BELOW AND ANSWER THE
QUESTIONS THAT FOLLOWS
Petrol prices show a strong over-recovery of between R1.10 and
R1.17 per litre, and diesel prices show an over-recovery of
around R1.11 per litre. These are the expected changes:
• Petrol 93: decrease of 110 cents per litre
• Petrol 95: decrease of 117 cents per litre
• Diesel 0.05% (wholesale): decrease of 112 cents per litre
• Diesel 0.005% (wholesale): decrease of 110 cents per litre
• Illuminating paraffin: decrease of 107 cents per litre Market
conditions have shown a persistent over-recovery throughout the
month, with little change expected. Global oil prices remain
locked and bound to a tight range, lower than the month prior,
and the rand has weathered the volatile interest rate
announcements from the US Fed and South African Reserve
Bank this week. Oil pushed higher this week—the largest
advance since February—after the US Fed cut its interest rate by
50 basis points. The move pushed global prices for Brent crude
up to $74 a barrel. However, this is still well below the trading
prices seen in August, accounting for the bulk of recoveries in
Semester 1 2025 - DUE 9 MAY 2025; 100% TRUSTED
Complete, trusted solutions and explanations
ALL QUESTIONS ANSWERED CORRECTLY
READ THE TEXT BELOW AND ANSWER THE
QUESTIONS THAT FOLLOWS
Petrol prices show a strong over-recovery of between R1.10 and
R1.17 per litre, and diesel prices show an over-recovery of
around R1.11 per litre. These are the expected changes:
• Petrol 93: decrease of 110 cents per litre
• Petrol 95: decrease of 117 cents per litre
• Diesel 0.05% (wholesale): decrease of 112 cents per litre
• Diesel 0.005% (wholesale): decrease of 110 cents per litre
• Illuminating paraffin: decrease of 107 cents per litre Market
conditions have shown a persistent over-recovery throughout the
month, with little change expected. Global oil prices remain
locked and bound to a tight range, lower than the month prior,
and the rand has weathered the volatile interest rate
announcements from the US Fed and South African Reserve
Bank this week. Oil pushed higher this week—the largest
advance since February—after the US Fed cut its interest rate by
50 basis points. The move pushed global prices for Brent crude
up to $74 a barrel. However, this is still well below the trading
prices seen in August, accounting for the bulk of recoveries in
