President Cyril Ramaphosa lauds Saudi Arabia and other OPEC countries’ oil production management focus on price stability

By Samantha Allen

Published: October 24, 2022 | 12:19 PM GMT

President Cyril Ramaphosa has lauded the decision by the Kingdom of Saudi Arabia and other OPEC countries to regulate oil output with a focus on price stability.

The Presidency said in a statement released on Sunday that increased oil prices lead to greater gasoline expenses in South Africa, which puts further strain on small enterprises, consumers, and families. According to the high office, the load is higher for the working class and unbearable for the poor.

“During the recent wide raging bilateral talks held in Jeddah, HRH Crown Prince Salman bin Abdulaziz Al-Saud briefed President Ramaphosa about a number of economic initiatives the Kingdom of Saudi Arabia is embarking on, including the intentions of the Kingdom to ensure oil price stability.

“President Ramaphosa appreciated the development as a measure that could provide relief to South Africa’s pressured economy,” the Presidency said.

About Samantha Allen

Samantha Allen is a seasoned journalist and senior correspondent at TDPel Media, specializing in the intersection of maternal health, clinical wellness, and public policy. With a background in investigative reporting and a passion for data-driven storytelling, Samantha has become a trusted voice for expectant mothers and healthcare advocates worldwide. Her work focuses on translating complex medical research into actionable insights, covering everything from prenatal fitness and neonatal care to the socioeconomic impacts of healthcare legislation. At TDPel Media, Samantha leads the agency's health analytics desk, ensuring that every report is grounded in accuracy, empathy, and scientific integrity. When she isn't in the newsroom, she is an advocate for community-led wellness initiatives and an avid explorer of California’s coastal trails.