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taxes and levies

south africa fuel prices
Business

South Africa’s Fuel Costs: An Exploration of the Changing Tides

by Serjio Zakharoff
December 6, 2023

South Africa’s fuel prices are subject to a complex web of factors, including the international oil market, exchange rates, taxes, and levies. The government’s “slate levy” system aims to balance global and local fuel prices, while regional differences also impact the cost of fuel. Changes in fuel prices have a significant impact on the economy and household budgets, with social media platforms reflecting public sentiment on the issue. Despite the uncertainty of the volatile oil market, South Africans remain resilient in the face of fluctuating fuel costs.

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