The Cost of Gas in South Africa
As of July 2019, the price of petrol in South Africa is R15.28 per litre while the price of diesel is R13.69 per litre. The cost of petrol and diesel has been on the rise in recent years, due in part to the high cost of crude oil. The price of petrol and diesel is also affected by the exchange rate, as South Africa imports most of its crude oil.
Currently, a litre of gas in South Africa costs around R23.055. International oil price fluctuations are resulting in higher fuel landed costs in South Africa. The prevailing exchange rate converts landed costs for US dollars into rand. As a result, any weakness in the rand’s exchange rate against the US dollar is likely to result in higher domestic gasoline prices.
Why are gas prices so high in South Africa?
Actually, the international oil price pressure leads to higher landed cost for fuel in South Africa. The landed cost in US dollars is converted to rand at the prevailing exchange rate. Any weakness in the rand exchange rate against the US dollar therefore results in a higher domestic petrol price.
How much is a liter petrol in SA?
The following are prices for Gasoline prices per litre in Johannesburg from 13-Jun-2022 to 19-Sep-2022. The average value for Johannesburg during that period was 25.34 South African Rand with a minimum of 23.35 South African Rand on 12-Sep-2022 and a maximum of 26.76 South African Rand on 04-Jul-2022.
Which country has the highest gas prices?
According to data, Hong Kong has the highest gas prices. Hong Kong holds the dubious honor of having the world’s most expensive gas at the moment. The fact that consumers in other countries are paying even more doesn’t erase the financial pain Americans feel as they attempt to balance their budgets.
Which country’s fuel is expensive in Africa?
As of 2022, the island nation of Seychelles is known to have the most expensive fuel prices of any country considered African, according to a statement from GlobalPetrolPrices.com, at nearly 2$ per litre. The country of Cabo Verde has the most expensive fuel prices of any country in Africa that is not an island.
How much is a tank of gas in South Africa?
In South Africa, filling a tank of gasoline is currently 75 cents per gallon. However, Coastal gasoline costs $23 per 50-liter container on average. A 50-liter tank of 93 octane gasoline costs R850 on average, according to current data.
