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Story summary
- On April 1, South Africa raised fuel prices due to higher crude costs and a weaker rand, and government is reducing gasoline taxes.
- The Brent crude price rose from $69.08 to $93.67 per barrel amid U.S.–Iran tensions.
- Gauteng's 95-octane gasoline will rise by 3.06 rand per litre.
- Diesel could increase by up to 7.51 rand.
- The South African Reserve Bank cautions that interest rates may rise if the conflict continues.
