Breaking down the high price of fuel in South Africa
Petrol users across South Africa are paying about R1.50 a litre more for fuel in May than at the same time last year.
Source: heraldlive.co.za
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Petrol users across South Africa are paying about R1.50 a litre more for fuel in May than at the same time last year.
Unaudited data from the Central Energy Fund is indicating significant increases in the prices of both grades of petrol, pushing prices above R23 per litre for the first time this year.
Despite recent rand weakness against the US dollar, the average exchange rate against the US currency is favourable and fuel prices in the country are expected to decrease significantly when adjusted next week.