Petrol price surprise for South Africa

• Petrol prices will decrease by 52 cents per litre in August, while diesel prices will rise by over R1 per litre.
• The petrol price cut is a result of an under-recovery in fuel prices, calculated daily based on the international price of oil and the rand-dollar exchange rate.
• The petrol price change is unlikely to significantly alter inflation in South Africa, as fuel prices remain elevated and price increases are becoming entrenched in the economy.