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South Africa to announce August fuel prices: Petrol seen steady, diesel up nearly R2 a litre

AI Market Summary
South Africa's August fuel adjustment is expected to leave petrol broadly steady while diesel rises by nearly R2/litre, reflecting firmer global oil and a weaker rand amid renewed Middle East tensions. The update underscores how geopolitical risk and FX pass-through can tighten downstream fuel costs, with the final move contingent on Central Energy Fund calculations and slate levy changes.
Impact level
● Low
Affected assets
NCCO1OILBRENT2USD/USDT-1.67%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
● Neutral
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South Africa’s Mineral and Petroleum Resources Department is due to publish the official fuel price adjustment for August by Tuesday, with the new prices taking effect on Wednesday. Current data indicates petrol prices will see little change, with only 93-octane petrol expected to edge lower. Diesel users are projected to face increases of close to R2 a litre. The expected move follows higher global oil prices and a weaker rand after renewed tensions in the Middle East.
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