Consumers and retailers must make the most of the Easter festive cheer as rising international oil prices, fuel, electricity and food costs are forecast to dampen the outlook for confidence and spending over the coming months. Motorists are forecast to pay at least 56c more for petrol at the end of this month as rising global demand and reduced supply from oil-producing countries have resulted in soaring crude oil prices. PODCAST: South African consumers are going through the most. Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm Economists are predicting oil prices to remain elevated but ease back towards $50 a barrel later this year. But in the meantime raised oil prices will leave the door open for potentially higher fuel prices as the cost of fuel imports rises.The elevated fuel costs are likely to have a domino effect across sectors.PwC economist Dirk Mostert said: "The first-round effects will lead to higher private transportation costs and then permeat...
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