The price of 95 unleaded petrol in South Africa is a topic of interest for many South African consumers. With the fluctuating costs of fuel, it can be difficult to keep up with the latest prices. In this article, we will explore the current cost of 95 unleaded petrol in South Africa and provide an analysis of the factors that influence the price.
Price of 95 Unleaded Petrol in South Africa
As of March 2021, the price of 95 unleaded petrol in South Africa is approximately R13.50 per litre. This is a slight decrease from the previous month, when the price was R14.00 per litre. Prices can vary by region, with some areas seeing higher prices than others.
Cost Analysis
The price of 95 unleaded petrol in South Africa is largely determined by the global price of crude oil. When the price of crude oil rises, so does the cost of petrol. Additionally, the exchange rate between the South African rand and the US dollar can also influence the price of petrol, as most crude oil is priced in US dollars.
Furthermore, the cost of petrol in South Africa is affected by the taxes and levies imposed by the government. Currently, the government imposes a Road Accident Fund levy of R1.93 per litre on petrol, and a general fuel levy of R3.37 per litre. These taxes and levies make up a significant portion of the cost of petrol in South Africa.
Finally, other factors such as the cost of refining, distribution, and marketing can also contribute to the cost of petrol in South Africa. These factors are generally fixed, meaning that they do not fluctuate as much as the other factors mentioned above.
In conclusion, the price of 95 unleaded petrol in South Africa is largely determined by the global price of crude oil, the exchange rate between the South African rand and the US dollar, and the taxes and levies imposed by the government. Additionally, other factors such as the cost of refining, distribution, and marketing also contribute to the cost of petrol. It is important to keep an eye on these factors in order to understand the current cost of petrol in South Africa.