@sareservebank: [WATCH] What is keeping fuel prices so high? On Tuesday, South African Reserve Bank Chief Economist Konstantin Makrelov presented on the October 2026 Monetary Policy Review (MPR). The MPR noted that ongoing conflicts in the Middle East and attacks on energy infrastructure in the Russia-Ukraine war have pushed international oil prices and domestic fuel prices very high. The MPR cautions that severe damage to refineries is likely to keep petrol and diesel prices elevated even after conflicts end. Watch the full presentation here: https://www.youtube.com/live/bA3-JlYarD8?si=K8jFRwqEDCs9wQgK Learn more about what high fuel prices mean for inflation here: https://www.resbank.co.za/en/home/publications/publication-detail-pages/reviews/monetary-policy-review/2026/october #SARBMPROct2026

Mandisi Khuba :

Where is Sasol and Petro SA

fanndale :

He said a whole lot of nothing

Moeketsi Manoto :

So they are going to increase rates because inflation will increase.

Blk Crane :

Is he +27? Originally?

GwenLane :

is this the best we can do😳at chief level at the reserve bank😭

Venomizzzness :

This could have been an sms

Shawn :

What you going to do about corruption in the government

Ngoako Dale :

so in south Africa we can't build refineries

cobusva :

Michael Brits :

Why is his post not filled by a South African?!

Alwyn Burger :

Not saying much, we know that. Yet SASOL made our own fuel, the even sponsored an F1 team in the early 1990’s

Serge :

is he a russian??

Mzo 🇿🇦 :

What’s to be done to arrest the negative impact of fuel increase, particularly diesel on the economy and consumers?

sk_wasenkosini :

And their only solution will be to increase interest rates.

Dshamu :

They have started to give you reasons why they will spike the interest rate again before the year ends.

Stressboi :

We just surviving at this stage

mapsxj :

Eastern European?

Refresh Daily :

mo_7 :

that institution called SARB must be collapse, se useless tjess

Needylessneedy :

Disciple Trevor Kriega :

Trump and Netanyahu war on Iran is root cause these price increase

Spookie Man :

We are led by puppets

Andre Harris :

Drop intrest rates !!!that will assist us during this time

Asghaab Job🇿🇦 :

A whole lot of nothing

Rob 🇿🇦 :

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