This quick guide will show you the petrol price in Durban, South Africa.
The guide will also show you the dynamics of fuel prices and fuel levies.
Durban is a coastal city located on the far east coast of South Africa in the KwaZulu-Natal province.
Petrol Price Durban
Prices of fuel at gas pump in Durban
During the period from July 11, 2022, to October 17, 2022, the average petrol price in Durban was R24.09, with a minimum of R21.73 on October 3, 2022, and a maximum of R26.05 on July 11, 2022.
This price was relatively cheap compared to the average price in the world, which was R34.01.
Currently, 95 Unleaded petrol goes for R21.71 per liter at the coast and R22.36 in inland areas.
93 Unleaded petrol currently costs R22.06 per liter.
This is the petrol price in Durban in South Africa.
Dynamics Of Petrol Prices In Durban, South Africa
Petrol prices in South Africa are adjusted monthly due to factors including global oil prices and the rand exchange rate.
The Ukraine war and its knock-on effect have caused inflation of fuel prices to a 13-year peak of 7.8% in July.
The prices in Durban have, however, seen some welcome decreases, but sadly the cycle is coming to an end due to the hard economy.
This is the dynamics for the petrol price in Durban in South Africa.
What Are The Fuel Levies
Fuel levies include transport to inland provinces.
Fuel prices are, therefore, cheaper in Durban because there is little or no transportation cost.
The levees are fixed and subject to periodic revision, the most important being the government’s fuel levy of about 20% of the retail price and the road accident levy of about 11%.
Another major levy is the gross margin allowed for filling station operators, amounting to 10% of the retail price of petrol.
The government decided to waive some portion of the fuel levy as a temporary relief measure to soften the blow of high petrol prices.
In conclusion, the fluctuating petrol prices in Durban, South Africa, have undoubtedly left a significant impact on both individuals and the broader economy.
As we have explored extensively throughout this blog post, various factors such as international oil prices, exchange rates, taxes, and local regulations contribute to the intricate web of influences that determine the cost of petrol at the pump in Durban, South Africa.
While consumers may find themselves navigating the unpredictability of these prices, it’s crucial to stay informed and adapt to these changes as best as possible.
This is all you need to know about petrol prices in Durban, South Africa.
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