South Africa petrol price hits record R30.25/litre in Gauteng

South Africa's Central Energy Fund announced a major fuel price increase, pushing 95 unleaded petrol to a record R30.25 per litre in Gauteng from Wednesday. The increase reflects global oil price pressures and a weaker rand, compounding inflationary pressures in the economy. The move raises transport and consumer costs, potentially feeding into higher inflation and pressuring the central bank's policy stance.