As the petrol price goes up again this evening in South Africa due to the conflict in the Middle East, questions are again being raised over why Africa is not selling oil internally? Brent crude rose from $82.37 to $87.88 per barrel during the review period. South Africa recalculates fuel prices every month because the country imports both crude oil and finished petroleum products at internationally determined prices, which include shipping and other importation costs. How must can the South African economy take and also what is making it difficult for Africa's oil-producing countries to sell within? To get a perspective on this issue, Thami Ngubeni spoke to Visvin Reddy, National Convener of People Against Petrol and Paraffin Price Increases and also member of parliament for the Umkhonto we Sizwe Party

<p>As the petrol price goes up again this evening in South Africa due to the conflict in the Middle East, questions are again being raised over why Africa is not selling oil internally? Brent crude rose from $82.37 to $87.88 per barrel during the review period. South Africa recalculates fuel prices every month because the country imports both crude oil and finished petroleum products at internationally determined prices, which include shipping and other importation costs. How must can the South African economy take and also what is making it difficult for Africa's oil-producing countries to sell within? To get a perspective on this issue, Thami Ngubeni spoke to Visvin Reddy, National Convener of People Against Petrol and Paraffin Price Increases and also member of parliament for the Umkhonto we Sizwe Party</p>

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

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