The war in Ukraine continues to keep the international price of oil bouncing between $110 and $120 per barrel, and for most of June this price has remained closer to $120, which is about 7% up on May.
Coupled with the increased price of oil, the rand was weaker to the dollar for most of June, giving rise to under-recovery in the price of petrol. These factors are expected to increase the price of petrol in SA by an estimated R1.75 per litre on July 6...If you have already registered or subscribed, please sign in to continue.
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