Why is South African petrol so expensive? Taxes and levies comprise 28% of fuel prices in South Africa, with only 53% to 55% being determined by fuel importing costs. Thus, fuel prices in South Africa are much higher than expected and even higher than what citizens in neighbouring countries pay for imported fuel from South Africa. There are four main components: General Fuel Levy Road Accident Fund (RAF) Levy Basic fuel price Wholesale and retail margins The basic fuel price is the largest component at 53% to 55%, which, according to the AA, equates to roughly R12.63 per litre. The figures are based on 93 Octane fuel (inland) and 95 Octane (coastal). This is the price determined by the cost of importing oil from international producers, including additional costs such as insurance, storage, and transport. The oil price and the USD/ZAR exchange rate heavily influence the basic fuel price. Wholesale and retail margins make up roughly 15% of the fuel price, costing R2.42 per litre. This is influenced by the costs of transporting fuel within South Africa, storing it, and pumping it.