Why is the fuel price so high? Here's what we can do about it

South Africans are feeling serious pain at the pumps, especially diesel drivers. But is the government doing enough to help? AA CEO Bobby Ramagwede joins the Cars.co.za podcast to explain how dropping fuel taxes could actually stimulate the economy, increase VAT collection, and create jobs. We also discuss how poor strategic decisions are still haunting us today. 0:00 - Intro 0:49 - Demystifying the South African Fuel Price & Taxes 2:22 - What is Over/Under Recovery? 3:23 - The "Slate" Account Explained 4:36 - Why Dropping Taxes Would Stimulate the SA Economy 7:36 - The 2016 Oil Reserve Sale & Lack of Local Refining 10:14 - Why Diesel is Hurting South Africans the Most 13:13 - How Consumers Can Protest High Fuel Prices 17:33 - The Hard Truth About EVs in South Africa 21:33 - Are We Paying Off Old Debt in the Basic Fuel Price? 22:20 - Why Fuel is Cheaper in Neighboring Countries 23:18 - Final Thoughts: Vote With Your Wallet Visit Cars.co.za at: https://www.cars.co.za Sell your car on Cars.co.za: https://www.cars.co.za/sell-car/ Follow Cars.co.za on the socials: https://www.x.com/CarsSouthAfrica   / carssa     / carssouthafrica   https://www.x.com/@carssouthafrica Download the Cars.co.za App here: Apple https://apps.apple.com/za/app/cars-co... Android https://play.google.com/store/apps/de... Huawei App Gallery https://appgallery.huawei.com/#/app/C...