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There is now a price difference of more than 40% between the local petrol price and that of the US, according to a Fin24 user.
He was responding to an article on Fin24 which stated that compared with
other countries in the world, South African motorists are still better off
, an ex-South African now living in New Braunfels, Texas said when he left South Africa five years ago there was a 30% difference in price. This difference is now above 40%. (See calculation below)
He said in the US you can shop for better fuel prices, but have to put the fuel in yourself.
“I actually got a 10 cent discount off the gallon price (below) today as the fuel prices here in the US are not regulated.
“Buying at a Walmart grocery store fuel station with a loyalty card also gives discounts. This I did not account for in the calculation.”
$3.30 for regular equivalent to SA 93 - per gallon
$3.50 for premium - per gallon
Working with the regular price of $3.30 per gallon, R10.20 exchange rate for 1.00 US$ and 3.8 litre = 1 gallon, the Fin24 user pays $0.87 per litre price.
For regular grade petrol, he pays R8.88 per litre.
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