Fuel prices drop, but Middle East tensions could reverse trend
By Lee-Yandra Paulsen This week, fuel prices in South Africa dropped to their lowest level since February 2022. However, escalating tensions in the Middle East threaten to disrupt this downward trend. Brent Crude oil prices surged by over 6%, raising fears of potential oil supply disruptions. With crude oil prices already exceeding R1,200 per barrel, economists warn that worsening geopolitical instability could drive fuel prices higher in November, impacting both […]