Broadcast excerpt·SAT, 05 SEPT 2026 · 10:50:04–10:52:22 SAST
A short excerpt captured live from SAfm. Watermarked for fair-dealing attribution, free to share.
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Years that's watershed letters, desert rose, Brian Temba, the legacy when our wedding. So let me put you, you know, your anxiety at rest. Talking about fuel price. So if we're to go back, yeah, 1976, can you believe it? People used to buy fuel for 21 cents per liter. 21 cents per liter. And this was the pre-crisis baseline. And what contributed to
That 21 cents, which they considered to be actually quite a problem. The OPEC oil embargo and the Iranian revolution 1979 led to severe global supply cuts, sending crude oil prices soaring. That was back then. Then we're going to fast forward, yeah? Let's fast forward. We come to 1985, we're buying one rand per liter, currency depression, sanctions. Then we move forward, 2005, we're buying our fuel five rand.
Per liter, rising global demand, and then we fast forward 2008, 10 Rand 50. Imagine 2005 to 2008, this is like a three-year gap. We already doubled and peak global commodity boom, and brand crude oil was about what, $147 per barrel. Then December 2021, we shot to 20 Rand 50.
13 cents per liter post-COVID supply chain recovery. 2022, July, 26 Rand.31 cents. Russia-Ukraine war, energy crisis. February 2026, okay, 19 rand 99 per liter, which kind of like gave us a little bit of a breather, market stabilizing. And now, September 2026, 26 Ron.
76 cents. Yeah, that's where we are. And I can just imagine: do you think we're ever going to buy a liter Andletrons? It looks like we're heading towards that direction. But for the 2026 run 76 cents, this was all due to geopolitical tensions, higher crude oil costs. What it means, what it's going to look like in the next 10 years, one can only imagine.
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