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High fuel prices in South Africa

Simon Osuji by Simon Osuji
September 26, 2023
in Finance
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South Africa’s Oil Demand Threatens to Outstrip Supply
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The energy crisis gripping South Africa is set to intensify as rising global oil prices, coupled with a heavy dependency on oil imports, threatens to trigger economic fallout in the country. The expected announcement of fuel price increases for October, will put further strain on the country’s economy.

According to data from the Central Energy Fund (CEF), the Automobile Association (AA) has issued a stark warning to South Africans about the impending hit on the economy starting October.





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