South African motorists could receive some much needed fuel price relief next month.
After months of relentless fuel price increases, with diesel prices climbing by up to R10.16 and petrol by R7.72, early indications suggest that South African motorists may see some relief in July.
However, there are a few complicating factors and risks, as oil markets remain on a knife-edge over the Middle East war and the elusive peace deal.
On the face of it, the latest data from the Central Energy Fund shows an over-recovery of around R2.55 for petrol, while diesel could land between R3 and R4 in the green if current trends persist until month-end.
However, with the temporary fuel tax reprieve having been fully withdrawn last month, an extra R1.50 will need to be factored into the fuel price equation.
