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The ins and outs of the petrol price and how big policy changes could affect how much you pay

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The petrol price is currently highly regulated by the government, with prices set each month. (PHOTO: Gallo Images/ Getty Images)
The petrol price is currently highly regulated by the government, with prices set each month. (PHOTO: Gallo Images/ Getty Images)

If there's one thing that can get South Africans even madder than we are about Eskom’s loadshedding, it’s the price of petrol. Little wonder – we’re paying nearly R22 a litre for fuel and Russia’s invasion of Ukraine means even more pressure at the pumps. 

There are fears the petrol price will continue to soar if the war continues for much longer. It’s reached the point where our government has had to introduce emergency measures to bring down the price following other countries who’ve done the same. 

Many were relieved to hear one of the taxes and levies that the government loads onto the basic price (see the box How our fuel price is calculated) will be paused until 31 May. Finance minister Enoch Godongwana announced the news that will result in a saving of R1,50 a litre.

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