Petrol will rise by R3.06 a litre and diesel by up to R7.51/litre but a temporary R3/litre fuel levy relief will be in effect until 5 May
This breakdown reveals that a significant portion of the fuel price sits within domestic policy control. The government cannot stop a war in the Middle East but it can intervene in the domestic cost structure
An interconnected world has rendered us interdependent but also vulnerable to shock across economic geographies, forcing distinct national responses
Sub-Saharan Africa’s reliance on imported oil leaves countries exposed to economic shocks amid the escalating Middle East conflict. Rising crude and LNG prices threaten import bills, inflation and currency stability, particularly in nations with low reserves
Qatar is one of the world’s largest exporters of liquefied natural gas and a suspension of output removes roughly 20% of global trade by volume from immediate supply
From 7 January, 93-grade unleaded petrol will decrease by 62 cents a litre while 95-grade petrol will cost 66 cents less
From Wednesday, 95-grade unleaded petrol will cost R21.59 per litre in Gauteng and R20.76 in coastal areas
Ahead of travel season, Wednesday’s fuel price hike will push the price of petrol – around R19.50 a litre – to above R20 in Gauteng and other inland provinces
The breakdown of the oil-producer alliance could cause already high prices to spike
Biggest players in the game show signs of recovery but a low-carbon future may threaten fossil fuel
“Now that fossil fuels don’t give long-term security, or an absurd return on investment, there is a real chance to look at the world differently.”