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Higher crude oil offset rand gains, lifting fuel prices for July
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Higher crude oil offset rand gains, lifting fuel prices for July
After a modest reduction in June, the fuel price trend reversed and increased due to a geopolitically driven spike in international Brent crude oil prices, which more than offsets the gains made by the rand. Crude oil prices rose by 8.5% month-on-month (m/m) in June 2025 to US$69.36 per barrel, largely […] The post Higher crude oil offset rand gains, lifting fuel prices for July appeared first on Cape Business News.
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