With the recent surge in international oil prices due to renewed hostilities in the Middle East, South African fuel prices are set for significant changes in August.

Fuel price relief could slow in August as rising oil prices driven by renewed Middle East tensions erode petrol over-recoveries and push diesel costs higher.

With the recent surge in international oil prices due to renewed hostilities in the Middle East, South African fuel prices are set for significant changes in August.

With oil prices surging above $85 a barrel due to escalating US-Iran tensions, South African consumers face potential fuel price hikes. What does this mean for the local economy?

South Africans are expected to pay less for fuel in August, but economists warn that global oil market volatility could quickly reverse the relief.