SEE: What are Southern African countries paying for fuel?


When oil prices surge and the Rand retreats, going anywhere nice – or even anywhere necessary – fuel becomes a lot more expensive.
 
As global crude oil prices touch four-year record levels of nearly $80 per barrel, uncomfortable increases in fuel pricing appear inevitable. South African petrol and diesel prices are set to increase again. In only the last three months the highest grade of inland fuel has risen from R13.76 to R14.97. 

The more you spend on fuel, the less you have available to spend on other things and the more expensive most other commodities become as nearly all goods are transported by a liquid-fuel supply chain.

Fuel price vs affordability

According to Bloomberg’s fuel price index, SA ranks 20th in terms of the most expensive petrol, 56th in terms of affordability of fuel…

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