💨 Abstract

The Strait of Hormuz blockade by the U.S. has caused global oil market volatility, affecting South Africa significantly. If conditions persist, South Africa may see a substantial increase in fuel prices: 229 cents per liter for petrol 93, 263 cents for petrol 95, 806-807 cents for diesel, and 652 cents for illuminating paraffin.

Courtesy: Garrin Lambley