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Fuel costs are a key factor in the inflation rate, both directly through increased transport costs and  indirectly through their role in production costs. The price of a litre of petrol in South Africa includes a general fuel levy, a Road Accident Fund levy and other government add-ons. These levies make up approximately 32% of the cost of a litre of fuel in South Africa. The rest of the cost of petrol is made up of all the costs of procuring the petrol and delivering it to petrol stations around the country. Such costs include shipping, insurance, storage, wharfage and other costs like customs and excise duties, retail margins and secondary storage. Obviously, there are two major components of these costs - the international oil price and the strength of the rand against the dollar. If the rand weakens or the oil price goes up, we are going to pay more for our petrol - and vice versa. For an analysis of the cost of petrol go to:
<a href="https://mybroadband.co.za/news/motoring/526487-petrol-price-nightmare-in-south-africa-how-much-tax-you-pay-per-litre.html#:~:text=This%20is%20the%20fourth%20year,R4%20billion%2C%E2%80%9D%20Godongwana%20said.">https://mybroadband.co.za/news/motoring/526487-petrol-price-nightmare-in-south-africa-how-much-tax-you-pay-per-litre.html#:~:text=This%20is%20the%20fourth%20year,R4%20billion%2C%E2%80%9D%20Godongwana%20said.</a>

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