SA can become fuel self-sufficient to beat price hikes

Why is South Africa so vulnerable to petroleum supply issues and global fuel price trends, asks Gavin Kelly, chief executive of the Road Freight Association, in his latest column.

“But, more importantly, how do we protect ourselves in the future?

“Global fuel market dynamics play an enormous role in determining fuel prices. Supply and demand remain relevant in what the global customer is prepared to pay for a barrel of oil, as well as the perceived shortage that drives a buying spree and the price for a barrel.”

  • Read the rest of this opinion piece in our “Columns” section.