In comparison, the global average price of gasoline during this time period is 34.56 South African Rand.
Why is South African petrol so expensive?
International oil price pressure raises fuel landed costs in South Africa. The landed cost is converted to rands at the current exchange rate. Any weakness in the rand’s exchange rate against the US dollar results in higher domestic gasoline prices.
Where does SA get its gasoline?
Saudi Arabia, Nigeria, the United Arab Emirates, Oman, and India are the top partner countries from which South Africa imports fuels in 2020.
Is it possible for South Africa to produce its own fuel?
South Africa is a net importer of fuel, which means that, in addition to what can be produced locally, South Africa must import additional finished product (i.e. diesel and petrol) to meet domestic demand.
