The petrol price is reset at the start of every month by the Department of Mineral and Petroleum Resources, driven by the oil price and the rand. Any increase at all resolves this Yes.
A YES bid at 40c and a NO bid at 56c meet when they add to 100. That pair funds one contract between them.
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This market resolves YES if the announced adjustment to the inland pump price of 95 unleaded petrol effective in the reference month is an increase of one cent per litre or more. It resolves NO in every other case.
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