South African motorists are bracing for more intense pain at the pumps in April, as global oil prices have jumped by 15% to a four-year high. According to projections, petrol prices could climb by between R2.28 and R2.41 per litre, while diesel may jump by as much as R4.50 per litre.
The anticipated hike comes amid ongoing strain in global oil markets, with tensions in the Middle East contributing to rising costs. If current market trends continue, inland petrol prices could move beyond the R23-per-litre mark once the new pricing structure is implemented in April .
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