Fuel Prices
Fuel Prices
Fuel Prices
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Consumer inflation hits two-year high as fuel prices surge
South African consumer inflation reached 5% in June 2026, the highest rate in two years, driven by surging fuel and transport costs.
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Trump orders investigation into oil companies over fuel prices
US President Donald Trump has ordered an investigation into oil companies for not lowering pump prices despite falling crude costs amid economic criticism.
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Fuel price surge drives South Africa’s inflation to 4.5% in May
South Africa’s inflation rose to 4.5% in May, driven by fuel prices, while food inflation eased to 1.9%.
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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.
