Petrol Price Increase Announced for April
South African motorists are set to face a petrol price increase in April 2026, with petrol 93 expected to rise by R2.28 per litre and petrol 95 by R2.41 per litre. This announcement comes in the wake of Brent crude oil prices soaring to $115 per barrel on March 9, 2026.
The Central Energy Fund has reported that the petrol under-recovery in South Africa stands at approximately R2.40 per litre, while diesel under-recovery is around R4.50 per litre. These figures indicate a significant strain on local fuel pricing, which is expected to reflect the ongoing volatility in global oil markets.
In a broader context, the increase in petrol prices in South Africa is part of a larger trend influenced by global energy stability issues, particularly due to conflicts involving the United States, Israel, and Iran. The situation has led to heightened crude oil prices, impacting countries reliant on imported fuel.
Additionally, fuel prices in Nigeria have surged, climbing from about 760 naira per litre to as high as 1,300 naira. The Dangote Petroleum Refinery has also raised its petrol ex-depot price by around 7.5 cents, marking a roughly 13% increase. This regional pressure on fuel prices highlights the interconnectedness of global oil markets.
Afolakemi Ofili, a Nigerian citizen, expressed concern over the situation, stating, “You can imagine what Nigeria is turning into now.” She further added, “I pray God intervenes in the war so that it will come to an end because this fuel shortage or fuel increase will affect everybody.”
As South African motorists brace for the upcoming price hikes, the potential for further increases remains. Diesel 0.05% (wholesale) is expected to increase by R4.39 per litre, while diesel 0.005% (wholesale) is projected to rise by R4.50 per litre. Illuminating paraffin is also set to see a significant increase of R6.60 per litre.
Details remain unconfirmed regarding how these price adjustments will evolve throughout the month, as fuel price recoveries can fluctuate based on movements in the oil price and changes in the rand/dollar exchange rate.
The duration of the ongoing conflict in the Middle East and its impact on fuel prices remains uncertain, adding to the challenges faced by consumers and policymakers alike.
