Fuel prices South Africa

2022 - 8 - 17

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Image courtesy of "AFP Factcheck"

Experts warn against fuel pills promoted amid high petrol prices in ... (AFP Factcheck)

With petrol prices reaching record highs in South Africa, social media users have been sharing promotional videos for so-called “eco tablets”.

[May 2016 issue](https://www.carmag.co.za/magazine-issues/may-2016/), CAR reported on the tests. “Even with such additives, this would result in a fuel consumption benefit of no more than three percent. B-Epic promotes the fuel tablets and other products on social media and in its online store. Other suppliers, like online shopping giant [Takealot](https://www.takealot.com/b-eco-fuel-tabs/PLID90804220), offer a pack of five for R499 ($30). Without adding more energy content, you cannot improve fuel consumption significantly,” he said. Don’t waste your money or risk damaging your engine.” She reiterates that it dissolves well and won’t damage a car’s engine. She then drops an orange tablet into the tank and proceeds to list a range of purported benefits as a pump attendant fills up her car. The claimed result? Shaped like a pill, these products are sold online by agents who claim they improve a vehicle’s fuel consumption when added to a fuel tank. South Africa's official but arguably understated [unemployment rate](https://www.statssa.gov.za/publications/P0211/Media%20release%20QLFS%20Q1%202022.pdf) is 34.5 percent — equal to nearly eight million people. [B-Epic](https://epic-supplements.com/), a “health and wellness” supplements company that claims their fuel additives “provide a more complete combustion of the fuel poured into the tank”.

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Image courtesy of "BusinessTech"

Reserve Bank warns of 'price spiral' in South Africa (BusinessTech)

The South African Reserve Bank has warned that above-inflation wage negotiations could lead to a tighter monetary policy.

The PSA is demanding a 6.5% wage increase while the government has only offered 2%. The SARB reported that inflation had had a similar effect on emerging markets such as India, Brazil and China. This would suggest that the country faces further second-round effects of the high inflation it is currently experiencing, he said.

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