Up to R4. That is the possible petrol price shock South Africans could face in April, and it is not just a transport story. It is a cost of living story.
In this episode of Number of the Day, Melissa Tighy and Francis Herd unpack why fuel price expectations are climbing, including rising global oil prices, heightened geopolitical risk, and the impact of upcoming fuel levy adjustments. While early month projections can still shift, the direction of travel matters because fuel feeds into almost everything.
The conversation zooms in on diesel as the real economy multiplier. Higher diesel costs hit freight and logistics first, then ripple through to food and everyday goods, putting fresh pressure on inflation at a moment when hopes of lower inflation were starting to build. The hosts also consider what this could mean for interest rate expectations as the next policy decision approaches.
Up to R4. Not a certainty, but a warning worth watching closely. #eNCA
