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Story summary
- The Department of Mineral Resources and Energy said 95-octane gasoline will rise to 28.06 rand on June 3 after a R1.50 levy cut and Slate Levy increase to 157.74 cents.
- Brent crude rose to $104.59 (R1,728) as tensions grew near the Strait of Hormuz, prompting diesel to fall R3.25, paraffin R5.96 and LPG up to 20 cents.
- Treasury reported inflation rose 4 % since Iran war began on Feb. 28 and borrowing costs rose to 7 %.
