‘We are in for a rough ride’: Durban petrol station is selling diesel for R29,85

WE ARE in for a rough ride in South Africa.

- YUSUF ISMAIL

South African motorists are set for financial depression and real concern at the petrol stations in April, as the ongoing Middle East conflict and a weaker rand will push up the price of fuel significantly.A viral video circulated on Saturday evening (March 21), displays an Engen petrol station in Umhlatuzana, Durban, selling diesel for approximately R29,85. Shocking and unheard of.

According to BusinessTech, the latest data from the Central Energy Fund (CEF) showed that petrol prices are now building for the single biggest jump in South Africa’s history, more than doubling the previous record.

The biggest driver of the coming price hikes is oil, which has surged following the US and Israel’s criminal bombardment of Iran.

Last week, Amy Goodman of Democracy Now reported that global oil and natural gas prices were soaring after Israel bombed a massive natural gas reserve in Iran, the largest in the world. At one point today, the price of oil reached $118 a barrel, a 60% jump since the US and Israel launched its war on Iran.

In a post online, a now deeply deranged President Donald Trump threatened to blow up the entire South Pars gas field if Iran continued to target the Qatari facility.

Trump also claimed the US “knew nothing” about the Israeli attack on the South Pars gas field, but Trump lied as The Wall Street Journal reported that he approved the strike to pressure Iran to open up the critical Strait of Hormuz.

The mess is the Strait of Hormuz.

The strait is one of the world’s most crucial energy chokepoints, where an average of about 20 million barrels per day is shipped through. A choke is an area during which, if shut, you end up getting a shock stop of the flow of global trade. Thirty percent of the global oil flows through that.