Diesel price shock to ripple through economy despite fuel levy relief
South Africa is expected to face steep fuel price hikes in April due to surging global oil prices and a weaker rand. The price increases are likely to have knock-on effects on the broader economy, including higher public transport fares and rising food prices.
South Africa is bracing for fuel price hikes in April. Global oil prices and a weaker rand are driving costs up. The price of 93-octane petrol may climb by R4.27/l, while 95-octane petrol could increase by R4.74/l. Diesel users may be hit harder, with prices projected to jump by R7.83/l and R7.73/l. Higher fuel prices will ripple through the economy, affecting transport and food costs. Industry bodies are calling for measures to reduce exposure to volatile international oil prices.
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