Nice surprise for South Africa’s petrol price

• South Africa's petrol price under-recoveries for next month may flatten out, with petrol currently facing an under-recovery of between 46c and 58c per litre.
• The drop in oil prices below $90 per barrel and the rand's resilience against the US dollar are contributing factors to the potential flattening of petrol price under-recoveries.
• The South African Reserve Bank's decision not to hike interest rates in late July and the current inflation concerns may still impact the country's fuel prices and economic outlook.