South Africans are bracing for potentially devastating fuel price increases in May, with diesel prices set to rise by more than R10 per litre.
The National Treasury reduced the General Fuel Levy by R3 to alleviate consumer pressure from rising oil prices, costing R6 billion monthly.
South Africa’s fuel crisis threatens economic recovery with significant price hikes, causing panic buying and concerns among businesses and consumers.
The Western Cape Government warns suppliers against diesel rationing, emphasizing adequate reserves amidst agricultural sector pressures and Middle East tensions.
South Africa is facing fuel shortages amid rising oil prices, with concerns over reserve transparency and potential economic impact on consumers.
