Fuel Prices
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Fuel levy relief extended to June amid Middle East crisis
Government has extended temporary fuel levy relief until the end of June, citing ongoing pressure on global oil prices due to the Middle East conflict.
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Oil rises, stocks mixed as US-Iran peace talks stall
Oil prices rose over 2% following Trump’s cancellation of US-Iran peace talks, amid stalled negotiations and tensions.
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Oil plunges, stocks jump as Iran declares Strait of Hormuz open
Oil prices dropped over 10% after Iran declared the Strait of Hormuz open, boosting stock markets and hopes for peace talks.
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Global ceasefire and massive oil correction offer crucial relief for the SA economy
A sudden global shift has delivered much-needed relief for South Africa. Following a Middle East ceasefire, oil prices have dropped sharply and the Rand has strengthened.
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Government appoints task team to tackle fuel price crisis
President Ramaphosa formed a task team to address rising fuel costs caused by Middle East conflict, recommending a fuel levy reduction.
