The Department of Mineral Resources and Energy has published the latest fuel price adjustments for March 2022, showing a sharp hike in prices for both petrol and diesel in South Africa.
“The massive fuel increases announced by the Department of Mineral Resources and Energy today will have a sharp and immediate effect on the poor, and a long-term impact on inflation,” said the Automobile Association .
The increases for March are mainly attributable to rising international petroleum prices as a result of Russia’s invasion of Ukraine and would have been more severe had the rand not stabilised against the US Dollar in the last few weeks, the group said.
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