File: A fuel pump. AFP/Daniel Leal
JOHANNESBURG - South African motorists are facing a major blow at the pumps, with fuel prices set to surge sharply on Wednesday.
Petrol goes up by R3.27 per litre, while diesel sees an even steeper jump of over R6 per litre, one of the biggest hikes in recent years.
This means petrol will now cost you R26.52 and diesel R31.90 per litre.
The spike is being driven by higher global oil prices and a weaker rand, alongside adjustments to the levy.
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Although government has extended fuel tax relief to cushion the impact, analysts warn the increases will still hit consumers hard.
This will add pressure to transport costs and overall inflation.