The Department of Petroleum and Mineral Resources has confirmed the official petrol and diesel price adjustments for January 2025.
The article from The South African discusses the anticipated petrol prices for January 2025, revealing that South Africans can expect a significant increase in fuel costs. According to the report, the price of petrol is set to rise by approximately R1.50 per liter, while diesel prices are expected to increase by around R2.00 per liter. This escalation is attributed to a combination of factors including rising global oil prices, a weaker rand against the dollar, and increased fuel levies. The article also mentions that these price hikes will likely impact various sectors of the economy, potentially leading to higher transportation costs, increased prices for goods and services, and possibly affecting inflation rates. The government and fuel industry stakeholders are reportedly in discussions to mitigate the impact on consumers, but no immediate relief measures have been confirmed.
Business & Finance
Sun, December 29, 2024 
