The price we pay for fuel in South Africa is mainly a factor of the international oil price, the rand/dollar exchange rate and various taxes levied by Government.
Here’s a breakdown of the crude oil price in rand over four months, a year, five years, 10 years, 15 years and 20 years.
Four months from February 2017 to June 2017 (-17.49%)
One year (-3.21%)
Five years (-31.65%)
10 years (17.45%)
15 years (110.04%)
20 years (576.93%)
For more detail, visit IndexMundi.
This article first appeared on 702 : How the oil price - in rand – has gone up and down over the past 20 years