The number in the Ministry of Mineral Resources and Energy's statement makes blood pressure soar—28.06 Rand, a historic high, while the canceled temporary subsidy was originally meant to buffer the spillover costs of the war. The policy shift is too rapid, and the wallet can't keep up.

CryptoWorld news reports that, due to the South African government canceling some temporary measures intended to ease the impact on consumers of fuel price increases triggered by the Iran war, South Africa’s gasoline prices will reach a historical high this month. In a statement released on Monday, South Africa’s Department of Mineral Resources and Energy said that in Gauteng Province, the country’s economic hub, the retail price of 95-octane gasoline will rise from 26.63 rand per liter last month to 28.06 rand per liter on June 3 (about $1.73).