In January 2021 consumers paid about R14,99 (+/-USD 1,02) for one liter of 95 Octane petrol. By April 2022, South Africans are paying around R21,96 (+/-USD 1,50) for the same liter of petrol...
South AfricaEnergy and Natural Resources
In January 2021 consumers paid about R14,99 (+/-USD 1,02) for
one liter of 95 Octane petrol. By April 2022, South Africans are
paying around R21,96 (+/-USD 1,50) for the same liter of petrol -
this amounts to a 46,5% increase in the price of fuel over a
15-month period.
The Government is considering the deregulation of fuel
prices which will allow stations to enter into the arena and
compete on fuel prices, set any price for fuel and offer discounts
and promotions on fuel.
According to Reggie Sibiya, CEO of the Fuel
Retailers Association (FRA), this decision will be a set back
and will ultimately kill transformation of the sector in South
Africa and will specifically hit Black Owned Fuel Stations the
hardest.
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