Cape Town – The topic of fuel price in South Africa is a touchy subject for most motorists in the country, but according to a database of Global Fuel Prices, the price is lower than the global average.
The Global Petrol Prices shows that the average price of gasoline around the world is R23.70. However, there is a substantial difference in these prices among countries.
“As a general rule, richer countries have higher prices while poorer countries and the countries that produce and export oil have significantly lower prices.
“The differences in prices across countries are due to the various taxes and subsidies for gasoline. All countries have access to the same petroleum prices of international markets but then decide to impose different taxes.
“As a result, the retail price of gasoline is different,” the report added.
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Libya, Algeria, and Egypt are some of the African countries with the lowest gasoline prices in the world.
Look at the countries with the cheapest fuel prices in Africa (in rands per litre):
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Libya: 0.56
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Angola: 5.68
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Algeria: 6.03
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Egypt: 6.29
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Nigeria: 8.01
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Tunisia: 14.48
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Sudan: 16.94
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Gabon: 17.76
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Namibia: 18.27
However, when compared to its neighbouring countries, South Africa’s petrol price seems to be in the average area.
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Zambia: 25.19
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Mozambique: 24.38
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Zimbabwe: 24
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South Africa: 21.36
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Lesotho: 19.59
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Botswana: 18.76
In terms of the most expensive fuel prices in Africa, Central African Republic takes the top spot, with R38.16 per litre while Malawi finds itself in second place with R30.36 per litre, and Senegal in third with a fuel price of R29.92 per litre.
With the fluctuating fuel price in South Africa, motorists in the country can feel at ease when considering the countries with the highest fuel prices in the world.
Hong Kong currently has the highest fuel prices in the world at R52.64 per litre. Behind them is Iceland at R40.38 per litre.
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Compiled by Junaid Benjamin
