# EBC Financial Group warns South Africa’s three-rand-a-litre fuel levy cut will bring only brief relief, as rising global oil prices and a weaker rand continue to drive inflation. This is due to the ongoing conflict in the Middle East. Analyst David Precious says diesel costs, tied to Brent crude and dollar pricing, remain the biggest concern. He warns that higher fuel prices are expected to increase transport and export costs, placing further strain on the economy and limiting the impact of temporary tax relief measures.
EBC Financial Group says SA levy cut only offers short relief amid fuel pressures