Israel-Iran conflict could deal double blow to SA fuel prices

Hanno Labuschagne

Hanno Labuschagne

Journalist
Staff member
Joined
Sep 2, 2019
Messages
5,586
Reaction score
3,876
Israel-Iran conflict could deal double blow to SA fuel prices

An escalated Middle East conflict between Israel and Iran could punish South African motorists with huge petrol and diesel price hikes in the coming months, market watchers have warned.

Iran launched a rocket attack on Israel on 13 April in retaliation to the country's involvement in an attack on Iran's consulate in Damascus at the start of the month.
 
Well if the captured UN had taken action after the Damascus strike perhaps none of this would have escalated.

Instead, a greater conflict was encouraged and allowed. An engineered outcome, no doubt at all.
 
Well considering soo many Hamas supporters in the Cape let alone the EFF and ANC supporting them avidly.

I would say, bring it on. I have no problem that fuel hikes to R30 a litre... why?

I drive a hybrid.

But those taxi users and spaza shop owners would suffer.

In matter of fact it may actually push people to use the railway service again.
 
Corelli said:
Well considering soo many Hamas supporters in the Cape let alone the EFF and ANC supporting them avidly.

I would say, bring it on. I have no problem that fuel hikes to R30 a litre... why?

I drive a hybrid.

But those taxi users and spaza shop owners would suffer.

In matter of fact it may actually push people to use the railway service again.
Click to expand...
what rail way service. I work from home but this will cause so mush inflation
 
I wouldn't worry too much, just buy from Nigeria or Venezuela or USA or Malaya, the l alternatives are endless.
 
Not to mention African states do not have the budgets to subsidize oil to historic extents. Sooner or later the oil subsidy taps in developed, and some significant developing, economies will start closing.

To petrol consumers... I'd say "buckle up", but it might be more prudent to advise biting down on the belt.
Can't wait to hear the excuses that will fly around, once this failure to protect the interests of citizens in Africa, notably here, becomes readily apparent. If they're half as "good" as the excuses around Eskom, they will be doubly preposterous.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter