South Africa Diesel prices, 05-Sep-2022
|
South Africa Diesel prices
|
Litre | Gallon |
|---|---|---|
| ZAR | 26.486 | 100.260 |
| USD | 1.544 | 5.845 |
| EUR | 1.555 | 5.886 |
pricing ranges for South Africa from May 30 to September 5, 2022. With a minimum of 24.20 South African Rand on August 8, 2022, and a maximum of 27.37 South African Rand on July 4, 2022, 26 South African Rand served as the average value for South Africa throughout that time. For reference, the global average price of diesel during this time is 33.25 South African Rand.
Why is diesel in South Africa so expensive?
The pressure on the price of oil on the world market raises the landing cost of fuel in South Africa. The current currency rate is used to convert the landing cost from US dollars to rands. Therefore, any decline in the rand’s value relative to the US dollar leads to an increase in domestic gasoline prices.
From where does South Africa obtain its diesel?
Nigeria, Saudi Arabia, the United Arab Emirates, Oman, and India are the top partners from which South Africa imports fuels in 2019.
Is diesel produced locally in South Africa?
South Africa now produces 5% of its fuel requirements from gas, 35% from coal, and 50% from regional crude oil refineries. According to the most recent figures, the single buoy mooring (SBM) system off the coast of Durban is used to import approximately 80% of South Africa’s crude oil.
