Wheels

Petrol prices explained

PETROL AND DIESEL costs are an infuriating mystery to many of us. Why are pump prices so hard to pin down, and to what degree are we all being gouged by profiteering service station owners?

It turns out costs are determined, for the most part, by macroeconomic forces such as supply side factors courtesy of OPEC, as well as local inflation and taxation. A mere sliver of the price you pay

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