Economist Tracey - Lee Solomons
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From 5 August, petrol dropped 52 cents per litre, attributed by government to lower average Brent crude prices during the pricing period. Diesel, by contrast, rose sharply — driven by international supply shortages tied to the Russia-Ukraine conflict and reduced refinery capacity in the Middle East.
SA's fuel pricing is a lagging reflection of global crude trends, and the current relief on petrol could be short-lived if Strait of Hormuz tensions escalate and push Brent crude higher in the next pricing cycle.
Economist Tracy-Lee Solomons gives us a detailed explanation on what it could mean for Oil prices in South Africa.
SA's fuel pricing is a lagging reflection of global crude trends, and the current relief on petrol could be short-lived if Strait of Hormuz tensions escalate and push Brent crude higher in the next pricing cycle.
Economist Tracy-Lee Solomons gives us a detailed explanation on what it could mean for Oil prices in South Africa.
