The expected petrol price adjustments in July mean that, on average, South Africans will pay over R60 less to fill up their cars or bakkies.
The monthly price change which is made is essentially an average over a prior period applied to the future month. Various government-regulated taxes, levies, and margins are then added to this cost to arrive at a retail price for petrol. Although the rand had significant swings based on the GNU news flow, it remained slightly lower in June than the previous month.
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