South Africa now Africa’s biggest petrol importer, dethroning Nigeria
submitted 6 months ago by LekkerLifeZA
submitted 6 months ago by LekkerLifeZA
- Nigeria has reduced its fuel imports significantly due to the Dangote Refinery's operations, moving towards greater energy self-sufficiency and potentially saving billions in foreign exchange.
- In contrast, South Africa faces challenges in its petroleum sector, with a significant portion of its refining capacity idle, leading to increased reliance on imports to meet fuel needs.
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LekkerLifeZA
OP
6 months ago
According to new trade data, South Africa has become the largest petrol importer in Africa, moving ahead of Nigeria for the first time.
Some say it’s a sign of growing demand and economy, others think it shows how much local refining is struggling.
Do you think this is a good or bad sign for South Africa?