The article discusses anticipated fuel price reductions in South Africa for August, influenced by earlier dips in global oil prices and a relatively strong rand.Despite renewed tensions in the Middle East pushing Brent crude to $85 per barrel, the Central Energy Fund (CEF) data suggests significant cuts.Petrol prices are projected to drop by R1.30/l for 93 octane and R1.26/l for 95 octane, while diesel prices are expected to fall by 74c/l for 50ppm and 47c/l for 500ppm.Inland motorists could see 93 unleaded at R24.64/l and 95 unleaded at R24.84/l, with coastal prices slightly lower.These figures may still change as the CEF monitors international oil prices and exchange rates.The final August fuel prices will take effect on August 5.The article highlights how economic factors like currency strength and global market dynamics directly impact local fuel costs.
Original title: Here’s how much petrol and diesel could fall in August
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