JOHANNESBURG - The surging price of diesel is dashing hopes of lower inflation in the coming months.
Diesel will go up by R1.43 per litre on Wednesday, weighing heavily on critical industries and cash-strapped consumers.
This will push the Gauteng price of diesel to R25.49 a litre.
That’s a new record high.
A year ago, Gauteng's diesel price stood at around R17.20 per litre.
As the northern hemisphere prepares for winter, the US and Europe are experiencing diesel shortages.
SUPER@KEVIN LINGS, STANLIB CHIEF ECONOMIST))
**BITE COMING