Subscribe & Follow
Jobs
- Sales Executive Cape Town Region
- Vehicle Sales Executive West Rand
- New Vehicle Sales Executive Mbombela
- Dealer Network General Manager East Rand
- Junior Business Development Manager Durban
- Junior Business Development Manager Johannesburg
- New Vehicle Sales Executive Cape Town
- Parts Sales Manager East Rand
- Vehicle Technician East Rand
- Accounts Admin Assistant Stellenbosch
SA petrol price down, diesel up from 5 October
Fuel prices are adjusted monthly due to factors including global oil prices and the rand exchange rate.
The Ukraine war and its knock-on effects sent oil prices soaring earlier this year, driving South African fuel prices higher and sending inflation to a 13-year peak of 7.8% in July.
But global oil prices have eased in recent months, helping domestic inflation to fall slightly to 7.6% in August.
Despite that decline, South Africa's central bank delivered another 75 basis point interest rate hike in September as it tries to bring inflation back within its 3% to 6% target range, citing oil prices among potential risks.
Source: Reuters
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/