While international product prices are edging higher, and the rand remains weak against the US dollar, fuel users in South Africa can still expect relief at the pumps when fuel prices for June are adjusted on Wednesday.
Changes to this data are expected before the formal announcement by the department of mineral resources and energy ahead of Wednesday’s adjustment, it said. However, any relief at this stage is welcome.
“Increasing interest rates are adding enormous pressure on already embattled consumers in a weak economy. Many people are struggling to make ends meet and any relief, even if it is slight, will assist consumers. “The forecast decreases to the price of diesel are especially welcome given that this fuel accounts for significant input costs across all sectors which are often passed on to consumers. A decrease to the price of this fuel is therefore welcome and timely.”
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