Money and Markets

South Africa pays R5 more for petrol than the rest of Southern Africa – here’s how we compare to the rest of the world

Business Insider SA

At R15.53 a litre in coastal regions, petrol in South Africa is now 36c cheaper than the global average (R15.89) – but substantially more expensive than the prices paid by our neighbours in Lesotho, Botswana, and Namibia. 

The differences in prices are due to the various taxes and subsidies for fuels imposed around the world. In South Africa, R3.37 in tax is added to each litre petrol – 165% more than a decade ago.

The price of South Africa petrol increased by 26c on Wednesday, pushing the price of a litre past R16 in the inland for the first time. 

Here’s how South Africa's petrol prices compares to the rest of the world, based on prices in July converted to rand.

(Note: the Venezuela price of R0.14 is so low it registers as zero.)

Source: globalpetrolprices.com

Richer countries such as Israel, Greece and Germany generally have higher petrol prices than poorer countries or countries that produce and export Brent crude oil, the comparison website globalpetrolprices.com reports.

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Also from Business Insider South Africa: 

Rand - Dollar
16.42
-0.8%
Rand - Pound
19.79
+0.1%
Rand - Euro
17.08
-0.2%
Rand - Aus dollar
11.14
+0.8%
Rand - Yen
0.12
-1.3%
Gold
1,807.75
+0.0%
Silver
19.87
-2.0%
Palladium
1,948.50
+0.4%
Platinum
884.50
-1.5%
Brent Crude
109.03
-3.1%
Top 40
59,640
-0.8%
All Share
65,662
-0.9%
Resource 10
61,245
-3.9%
Industrial 25
80,264
+1.1%
Financial 15
14,564
-0.8%
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