How does South Africa’s petrol price compare to worldwide prices?

How does South Africa’s petrol price compare to worldwide prices?

- South African motorists are paying more than ever for petrol and diesel and the topic has become the subject of intense national debate

- The average petrol price in South Africa currently stands at R15.73 which compares with a global average of R15.52

- Surprisingly this means South Africa is the 87th cheapest country in the world when it comes to petrol price

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South African motorists are paying record high prices for petrol and diesel with the last couple of months bringing nothing but pain to motorists and those reliant on public transport. But how does our current record-high price compare to prices around the world?

While motorists in Gauteng and other non-coastal regions pay over R16 per litre for petrol those living at the coast pay slightly less, this means according to Thesouthafrican.com that the average price of petrol in South Africa is R15.73. This compares to a worldwide average of R15.52.

READ ALSO: Ramaphosa rushed to Union Buildings to meet protesters after march turns violent

Surprisingly the means that despite the government’s crippling taxes and levies on the fuel price South Africa is actually the 87th cheapest country in the world in which to fill up your petrol tank.

Briefly.co.za gathered that European or Nordic countries occupy eight out of the top ten most expensive places in the world in which to buy petrol.

The 10 most expensive countries in the world:

1. Iceland – R28.21

2. Hong Kong – R28.12

3. Norway – R27.24

4. The Netherlands – R26.20

5. Barbados – R26.16

6. Greece – R25.50

7. Denmark – R25.38

8. Monaco – R25.35

9. Italy – R25.13

10. San Marino – R24.52

The tiny nation of Iceland is currently the most expensive country in the world in which to fill up a car with a petrol price which will make your eyes water and your wallet run away in terror at R28.21 per litre.

Thesouthafrican.com reported that Venezuela is currently by far the cheapest place on the planet for buying petrol with a price of just 11 cents per litre (yes 11 South African cents!) the second cheapest country in the world which is Iran comes in at R3.59 per litre.

Despite the Venezuelan economy being close to total and utter collapse the country has not raised its petrol price because residents of the country view cheap fuel as their birthright.

The 10 cheapest countries in the world:

1. Venezuela – R0.11

2. Iran – R3.59

3. Sudan – R4.53

4. Kuwait – R4.59

5. Algeria – R4.71

6. Ecuador – R5.17

7. Nigeria – R5.43

8. Turkmenistan – R5.66

9. Egypt – R5.73

10. Kazakhstan – R6.66

Briefly.co.za reported earlier about the growing discontent in South Africa about the rise in petrol and diesel prices. This discontent has led to various protest actions and in one instance nine people were arrested in KwaZulu-Natal after they blocked the N2 with their trucks.

The rise of the price of fuel has caused the taxi industry which is the only means of transport for millions of people to raise their fares. This rise has hit those using taxis who are typically already struggling to make ends meet particularly hard.

The matter has even been the subject of political debate with the ANC calling on the government which it controls to find ways to negate the rising cost of living which posed a serious threat to millions of under-pressure households.

The DA called on President Cyril Ramaphosa to freeze or reduce the fuel levy in a bid to reduce the petrol price to below R15 per litre. DA leader Mmusi Maimane even called for the matter to be debated in Parliament in order to find a way forward.

The president himself appointed a team of ministers to look into ways to negate or minimise the rising cost of living. Ramaphosa called on producers to hold off on passing on the added cost of fuel to consumers.

Until something can be done about the high price of fuel South Africans will have to resort to clever ways to save as much fuel as possible.

READ ALSO: EFF calls on SA to be renamed Azania to shed colonial connotations

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Source: Briefly.co.za

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