Tuesday, December 07, 2021

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Fuel prices increase in South Africa

Fuel prices increase in South Africa

Pretoria, Aug 5 (Prensa Latina) Since Wednesday, South Africa has increased the retail prices of the main fuels, after a decision adopted by the Ministry of Energy.
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According to the measure, gasoline costs 91 cents of a rand more (0.06 dollars) per liter at service stations.

Diesel prices increased by 58 cents of a rand per liter (0.04 dollars) and kerosene rose by 50 cents of a rand (0.03 dollars) for the same volume.

According to experts, from a percentage point of view, the increase can be described as ‘significant’.

They added that the higher price of fuels should affect other areas of the national economy, including public transport fares and the distribution of essential products, such as food.

The South African currency, the experts noted, is not the only one that has been depreciated against the dollar, so the combination of these factors has led to higher prices of different types of fuels at retail outlets.

However, the specialists ponder, as a result of the regulations imposed to curb the coronavirus in South Africa, many people who work from home will be able to save money that they would have spent with the prices in force from today.

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