Based on the current oil and rand prices, the latest data from the Central Energy Fund shows that diesel prices may be increased by 10c to 15c a litre, depending on the grade. Petrol 95 and 93 unleaded may be lowered by 6c a litre and 15c, respectively.
South African fuel prices are largely determined by international oil costs and the rand exchange rate, as oil is priced in dollars. After crashing to close to R20/$ last month amid continuing worries about South Africa's close relationship with Russia, the rand has since recovered and is currently trading around R18.17/$.
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