SA petrol prices are generally higher than neighbouring countries | IOL Business Report

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SA petrol prices are generally higher than neighbouring countries

JOHANNESBURG - South African petrol prices are generally higher than its African neighbours with the exception of Zimbabwe, which has the dubious honour of having the most expensive petrol price in the world.

As a general rule, richer countries have higher prices, while poorer countries, where governments subsidise the petrol price, and the countries that produce and export oil have significantly lower prices. Iceland used to have the most expensive petrol in the world until Zimbabwe doubled the retail price earlier this year. That change sparked violent riots, but did not result in a change in policy, unlike Nigeria, where riots resulted in a change of policy after the government there decided to withdraw subsidies.

Home Affairs Minister, Dr Siyabonga Cwele, said the busiest land border was Beit Bridge with 884992 during the Festive Season period of December 1 2018 to January 15 2019. The other unintended consequence is that when road accidents now occur in Zimbabwe, frequently a contributory reason to deaths and injury is that the petrol being transported in buses and cars catches fire as the petrol containers were not designed to withstand an impact caused by a collision.

 

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Stop rubbing salt into the wound, we know and don't wanna hear about it anymore.😔😓😞

Because the ANC needs the money!

Higher than neighbouring countries Zimbabwe?,don't agree.

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