Oil. Picture: REUTERS
Oil. Picture: REUTERS

The attack on Saudi Arabia’s oil facilities has resulted in a record spike in the oil price.

SA’s Central Energy Fund had forecast a cut in petrol prices for October, but the recent event may cancel out that prediction, leaving consumers even more cash strapped.

Business Day TV caught up with Econometrix chief economist Azar Jammine to talk about the oil price and its effect on the SA economy.

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