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Home ยป The war will increase the oil but it will not decrease it
Business

The war will increase the oil but it will not decrease it

By staffMarch 12, 20262 Mins Read
The war will increase the oil but it will not decrease it
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The Ministry of Mines says that the ongoing war in Iran will lead to an increase in petrol in South Africa, but the war will not lead to a shortage of petrol in the country.

The Ministry said that petrol prices will increase significantly next month due to the war, but said that the country is not in danger of running out of petrol.

The war between America and Iran has caused a shortage of oil in the world.

Iran is one of the leading countries in the production of oil that is used in the production of gasoline and is based on oil producing countries.

Since the start of the war two weeks ago, the price of petrol has increased around the world due to the decrease in production.

The spokesperson for the Ministry of Mines, Ms Lerato Ntsoko, said that the increase in the price of oil in the world will lead to an increase in petrol in the country.

“The price of oil has been increasing since the start of the war. We will continue to monitor the situation and make an official announcement about the increase in gasoline in April.”

Ms Ntsoko said they will ensure that petrol does not run out in the country. He said local companies that use oil from war-torn countries are trying other ways to get oil.

“We are talking with the companies that produce petrol. We hope that the war will end soon.”

Ms Ntsoko said that there are also local companies that produce petrol that use oil from countries here in Africa.

“Although there are many petrol producing facilities that were closed here in the country, there are two that continue to produce petrol. There is NATREF and Astron Energy. The Astron Energy facility is still temporarily closed because it is being repaired but they have enough petrol that they bought from foreign countries to use while they are repairing their facility.”

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