the most recent data snapshot from the CEF suggests that the price of 95 unleaded petrol might surge by approximately R1.26 per litre at the start of the upcoming month, while diesel costs are poised for an upward shift of around R2.50.It’s important to note that the current daily numbers are currently negative by roughly R2 per litre for petrol and R3 for diesel. If these prevailing trends persist, the practical outcome could involve hikes exceeding R1.50 per litre for petrol.
To put the current context into perspective, petrol experienced an uptick of 37 cents at the start of the present month, while diesel saw an increase ranging between 71 and 72 cents. Explore Cape Town and its surroundings with these incredible deals on cars for under 100k. Find car listingsThe South African rand has experienced recent weakness against the US dollar. Despite economists yet to pinpoint the exact causes, the currency was trading at R18.87 to the US dollar on August 11, a notable increase from the July average of R18.28.
Amid a backdrop of diminishing general inflation over recent months, the prospect of heightened fuel costs presents an unfavourable trajectory for future consumer prices.