Mudiwa Gavaza is joined by Koketso Mano, an economist at FNB
The possibility of fuel reaching R40 a litre as Russia’s invasion of Ukraine wreaks havoc on global oil supplies is the focus in this edition of Business Day Spotlight. Join the discussion: With oil trading at an almost 8-year high, speculation is mounting that fuel prices could reach as much as R40 per litre, a terrible prospect for the SA economy.
To date, Brent Crude is up more than 85% over the last year, owing to demand as economic activity has picked up around the world. That has been pushed even more in recent weeks by Russia, one of the world’s largest oil producers, invading Ukraine.
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