South African motorists are set for another increase in fuel prices, with petrol and diesel prices expected to rise sharply from Wednesday, 2 September.
Petrol prices will increase by R1.34 a litre, while diesel users face an even bigger jump of up to R3.15 a litre.
The Mineral and Petroleum Resources Department says the increases are largely being driven by higher international oil prices, which have placed additional pressure on local fuel costs.
Diesel prices have been particularly affected by supply constraints in global markets. The situation has been worsened by Russia's ban on fuel exports, which has further tightened international supplies.
Higher margins add to fuel costs
The latest adjustment also includes an increase in the retail margin paid to fuel stations.
The department says the adjustment is intended to help service stations absorb rising wage costs for their employees.
A higher slate levy is also contributing to the overall increase in fuel prices.
Economists and analysts have warned that the sharp rise could have a knock-on effect across the economy.
Higher transport and fuel costs could push up the prices of goods and services, adding further pressure to consumers already dealing with elevated living costs.
The increases are expected to put additional strain on household budgets and businesses as motorists prepare for higher costs at the pumps from Wednesday.