South Africans are preparing for what could be the largest fuel price hike in the country's history, as global oil prices climb above $100 a barrel amid escalating tensions in the Middle East.

The Central Energy Fund has signalled a tough outlook for April, with significant increases in both petrol and diesel prices expected. Meanwhile, automotive industry experts say the anticipated fuel price shock is driving a sharp rise in interest and sales of electric vehicles (EVs), as consumers increasingly look for alternatives to traditional petrol and diesel-powered cars.

Thami Ngubeni spoke to Alan Quinn, Chief Product & Innovation Officer, Cars.co.za.

South Africans are preparing for what could be the largest fuel price hike in the country's history, as global oil prices climb above $100 a barrel amid escalating tensions in the Middle East.
The Central Energy Fund has signalled a tough outlook for April, with significant increases in both petrol and diesel prices expected. Meanwhile, automotive industry experts say the anticipated fuel price shock is driving a sharp rise in interest and sales of electric vehicles (EVs), as consumers increasingly look for alternatives to traditional petrol and diesel-powered cars.
Thami Ngubeni spoke to Alan Quinn, Chief Product &amp; Innovation Officer, Cars.co.za.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.