Fuel price rollercoaster: Relief turns to pain for motorists: Here’s what you need to know
South Africa’s mid‑July fuel outlook has flipped from relief to renewed pain, with petrol recoveries shrinking sharply and diesel swinging...
South Africa’s mid‑July fuel outlook has flipped from relief to renewed pain, with petrol recoveries shrinking sharply and diesel swinging into negative territory.
Changes The under-recovery has been attributed to the rising global oil price, which has shot up to around $85 a barrel as renewed tensions in the Middle East take their toll on Brent crude prices and on South Africa’s fuel price recoveries, and the war between the United States and Iran reignited earlier in the month.
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