JOHANNESBURG - After nearly five months of relief at the pump, South African motorists faced a sharp increase. The culprits are soaring Brent crude oil prices and rising petroleum product costs.
For South African consumers, this hike means more pressure on already strained finances, contributing to higher living costs and exacerbating inflationary pressures.
WATCH | Fuel prices shift gear after five months
With fuel being a key input in many sectors, including food production and transport, the ripple effects of this price spike could be felt across the economy.
Independent economist, Elize Kruger spoke to eNCA.