What makes up the petrol price?

What makes up the petrol price?

Where does the money go? What are the factors?

Petrol Breakfast
Pixabay

Dawie Roodt, chief economist at the Efficient Group, broke it down for Martin Bester on Breakfast this morning.

READ ALSO: South Africa's top 10 fuel efficient cars

The rise of the petrol price on Wednesday will cause South Africans to cut down on spending, as well as to look at cheaper, more fuel efficient cars to buy.

Visvin Reddy recently posted a video onto social media probing South African citizens to have a standstill on the highway. 

He said: “I need the support of all South Africans.”

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