Diesel and Petrol Prices Set to Soar in October
Latest CEF data shows significant under-recoveries across all fuel grades.
South Africa's Central Energy Fund data indicates significant under-recoveries across all fuel grades, pointing to steep diesel and petrol price increases in October. The under-recovery reflects higher international product prices and a weaker rand, raising input costs for transport, logistics, and agriculture. If sustained, these increases could feed into broader consumer inflation and complicate the Reserve Bank's rate outlook.
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