Nigeria has the lowest fuel cost per litre, followed by Togo, Benin, and Sierra Leone. Zimbabwe is the African country that have the highest petrol cost in Africa, followed by the island country of Seychelles as the second most expensive fuel price in Africa. In South Africa, taxes and levies comprise 28% of fuel prices, with only 53% to 55% being determined by fuel importing costs.
In South Africa, after the adjustments take effect people pay R21.91 for a litre of 95 Unleaded petrol at the coast and R22.63 in the inland regions, where the cheaper 93 Unleaded will retail at R22.30.06
Removing taxes and levies from June’s inland unleaded 93 and 95 prices of R22.30 and R22.63 brings prices down to R16.16 and R16.49, respectively.
Chris Hattingh: @ChrisHatt11
“South Africans could be paying up to R491 less per tank of fuel if government scrapped the excessive levies and taxes added to the basic fuel price in the country.”
South Africa’s fuel taxes and profit margins have tripled in the space of 15 years and make up 45% of the total price per litre.
The Road Accident Fund levy saw the highest relative increase. The RAF levy was R0.47 per litre in 2008/09 and has since risen to R2.18 — an increase of almost 364%.
"South Africans could be paying up to R491 less per tank of fuel if government scrapped the excessive levies and taxes added to the basic fuel price in the country."https://t.co/ABamTiaJ0y
— Chris Hattingh 🇿🇦🌐🚢 (@ChrisHatt11) June 19, 2023