Fuel prices are expected to drop in July following a fall in global oil prices after a US-Iran truce, but gains may be limited by the end of South Africa’s fuel tax reprieve and the impact of the slate levy.

Falling global oil prices and a stronger rand are improving the inflation outlook, although debt experts warn consumers may wait months before seeing meaningful financial relief.

As international tensions ease and fuel prices begin to fall, South African consumers are poised to receive much-needed relief at the petrol pumps.

Fuel prices are expected to drop in July following a fall in global oil prices after a US-Iran truce, but gains may be limited by the end of South Africa’s fuel tax reprieve and…

Motorists may soon enjoy significant fuel price reductions in July, thanks to a recent US-Iran truce that has led to a drop in international oil prices.

Significant fuel price decreases are on the cards for South Africa in July, after the truce signed by the US and Iran last week caused international oil prices to subside.

UAE petrol prices are set to drop in July after four months of hikes as Brent crude falls and Hormuz shipping normalises. Find out how much motorists could save.