More pain ahead for embattled consumers as fuel prices climb
- By: Cheryl
- Category: Uncategorized
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The pressure on SA’s embattled consumers continues, with a massive fuel-price increase expected to be announced on Friday due to a surge in the price of Brent crude oil and rand weakness. This will in all likelihood push the cost of unleaded petrol towards R16 a litre, but analysts say it is not all doom and gloom. In the long term, oil prices should ease from recent multiyear highs as…
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