South Africans are feeling the bite of fuel price increases as a result of Russia’s war in Ukraine and the rise in the Brent crude oil price.
Neighboring Zimbabwe and other African countries are also grappling with increasing fuel prices.
South Africa, the continent’s most developed economy, saw gas prices go above 24 rand ($1.50) per liter, more than $5.80 per gallon. Diesel prices also went up.
The latest increases make fuel in South Africa about 40% more expensive than a year ago. To try to hold down the spike in price, the government has reduced its tax on fuel sales.
The government said the increases were a result of the rise in the price of Brent crude oil.
The fuel price increase is the latest addition to South Africa’s economic woes, which include a 34.5% unemployment rate and an economic downturn caused by the COVID-19 pandemic which resulted in
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