The outlook for oil prices is uncertain, with risks to the upside In SA, deregulation of 93 octane could still be on the cards. The restart of a Western Cape refinery will also improve security of supply. For more financial news, go to the News24 Business front page Years gone by have more often than not been characterised by steep oil price movements. Who could forget 2021 as the year when oil prices…

On Wednesday, the petrol price (both 93 and 95 unleaded) will be cut by R2.06 a litre, while diesel will be lowered by between R2.69 and R2.81. A litre of 95 petrol will cost R21.40 in Gauteng and R20.75 on the coast. Petrol is now the cheapest it's been since February 2022, when Russia's invasion of Ukraine triggered a spike in oil prices. Diesel will cost R21.23 a litre in…