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The war in Ukraine continues to keep the international price of oil bouncing between $110 and $120 per barrel, and for most of June this price has remained closer to $120, which is about 7% up on May.

Coupled with the increased price of oil, the rand was weaker to the dollar for most of June, giving rise to under-recovery in the price of petrol. These factors are expected to increase the price of petrol in SA by an estimated R1.75 per litre on July 6...

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