South Africa’s (SA) Automobile Association (AA) has raised growing concern over rising fuel prices and the knock-on effect of fuel surcharges across multiple industries.
AA Chief Executive Officer Bobby Ramagwede attributes the pressure to ongoing tensions between the United States and Iran, which have disrupted global crude oil supply and contributed to a record high fuel price adjustment by SA’s Department of Mineral and Petroleum Resources.
Earlier this month, local motorists were hit hard when the price of petrol jumped.
Ramagwede warns that motorists could face yet another blow, citing SA’s limited fuel reserves as a major vulnerability in an already volatile global market.
–SABC–
