Petrol price takes a turn for the worse in South Africa

• Petrol prices in South Africa are set to rise at the start of September, with petrol and diesel both increasing.
• The projected increases are due to an under-recovery for both fuels, with diesel users being hit particularly hard, and are a symptom of the ongoing troubles in the Middle East.
• The rand's resilience against the US dollar is expected to help lower the price of importing petroleum products, but the situation in the Middle East remains volatile and could impact oil prices.