- \n
- Petrol 93:<\/strong> decrease<\/mark> of 26 cents per litre<\/li>\n\n\n\n
- Petrol 95:<\/strong> decrease<\/mark> of 23 cents per litre<\/li>\n\n\n\n
- Diesel 0.05% (wholesale):<\/strong> increase<\/mark> of 58 cents per litre<\/li>\n\n\n\n
- Diesel 0.005% (wholesale):<\/strong> increase<\/mark> of 56 cents per litre<\/li>\n\n\n\n
- Illuminating paraffin:<\/strong> increase<\/mark> of 22 cents per litre<\/li>\n<\/ul>\n\n\n\n
![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/07\/Analysis-7-July-1024x165.jpg\")
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\n\n\n\nResilient rand is helping<\/h2>\n\n\n\n
The over-recovery for petrol has been supported by a positive boost from the rand, which has weathered the storms of the past few weeks, even mostly shaking off the Trump tariff announcement.<\/p>\n\n\n\n
According to Investec chief economist Annabel Bishop, the rand’s resilience is more due to dollar weakness than any inherent strength.<\/p>\n\n\n\n
She noted that the rand was nearing a key resistance level of R17.50\/$ last week. However, due to the uncertainty caused by Trump’s tariffs, the dollar has rebounded, weakening the rand.<\/p>\n\n\n\n
“The ongoing uncertainties around global trade, with high levels of protectionism, including tariffs, negatively impact globalisation and global growth,” Bishop said.<\/p>\n\n\n\n
“This has caused some market concerns, seeing US dollar strength on some safe-haven purchases. The rand has weakened against the major currency crosses as well, as global risk is seen to have escalated.”<\/p>\n\n\n\n
The local unit is now trading around R17.77\/$, but this is still stronger than the weaker levels over R19\/$ seen earlier in the year, the last time the tariff war was in focus.<\/p>\n\n\n\n
Importantly, the rand is stronger relative to its performance in June, which is supporting an over-recovery in local fuel pricing.<\/p>\n\n\n\n
The rand’s resilience is currently contributing around 10 cents per litre to an over-recovery, but any further weakness could diminish this benefit.<\/p>\n\n\n\n
Bishop noted that the US frequently changes the goal posts of its trade policy, making the period ahead likely volatile.<\/p>\n\n\n\n
She expects that South Africa will continue to engage with Washington in the remaining three weeks of July to attempt to bring the 30% tariff down and spare the country from the worst.<\/p>\n\n\n\n
“Under the 30% tariff regime, South Africa’s vehicle exports are particularly impacted, along with those of agriculture and 25% tariffs on iron and aluminium,” she said.<\/p>\n\n\n\n
“In addition, uneven tariff impositions among countries mean demand for South African goods could weaken.”<\/p>\n\n\n\n
In this scenario, along with the expected loss of AGOA, the rand could weaken further and push toward R18.00\/$ or over in Q3.<\/p>\n\n\n\n
“The rest of this month, and early August, is expected to be a fairly volatile period, as markets hang on trade and other policy commentary from the US,” she said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Despite some volatility in global oil markets, a resilient rand is keeping petrol price recoveries in check, supporting potential cuts in August.<\/p>\n","protected":false},"author":10,"featured_media":665025,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[19853,8995,2171],"class_list":["post-830873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-annabel-bishop","tag-cef","tag-petrol-price"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/830873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=830873"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/830873\/revisions"}],"predecessor-version":[{"id":830889,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/830873\/revisions\/830889"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/665025"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=830873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=830873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=830873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- Petrol 95:<\/strong> decrease<\/mark> of 23 cents per litre<\/li>\n\n\n\n
![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/07\/Analysis-7-July.jpg\")
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