Tag: petrol prices
Petrol prices in South Africa hiked up yesterday amid most of the global economy reopening and oil supply expected to rise. However, according to concerns raised by the parliamentary portfolio committee, they may be a diesel shortage in South Africa due to the slowdown in national refinery production. Joining CNBC Africa for more is Avhapfani Tshifularo, Executive Director at the SA Petroleum Industry Association.
Zimbabwe hiked fuel prices on Monday for the second time in a week but most pumps remained dry, with no end in sight to shortages that are helping drive inflation.
South Africa's petrol price will be reaching a new high at R17.08 cents per litre tonight. In August‚ government dipped into the slate-levy fund to offer relief for motorists/consumers. But with the rand losing 20 per cent to the dollar this year and the Brent Crude price gaining momentum- how bad could things still get for our economy? Joining CNBC Africa for more is Jeremy Wakeford, Independent Economist.