Key moments
On April 1, 2026, petrol prices in South Africa are set to rise significantly, with estimates indicating that 93 octane petrol could increase by approximately R3.12 per litre, while 95 octane petrol may see a rise of around R3.35 per litre. Diesel prices are projected to increase by more than R5 per litre. This surge in fuel prices is attributed to rising global oil prices and a weakening rand, which has fallen from under R15 to R16.77 per dollar, making oil imports more expensive.
The South African government has also announced plans to raise fuel taxes in April 2026, adding 21 cents per litre to both petrol and diesel prices. In addition, the general fuel levy will rise by 9 cents per litre for petrol and 8 cents for diesel. These tax increases are expected to compound the effects of the global oil price hikes, leading to a substantial financial burden on consumers.
Current estimates suggest that petrol prices could rise between R3.87 and R4.27 per litre, while diesel prices may increase by R7.04 to R7.15 per litre. The conflict in the Middle East has contributed to a surge in global oil prices, further impacting South Africa’s fuel costs. As the country imports most of its refined fuel, it remains vulnerable to fluctuations in the global oil market.
Authorities are closely monitoring the situation, with measures being initiated to secure fuel supplies amid rising geopolitical tensions. Paul Gooden, an industry expert, noted, “The rise in oil prices – combined with a weaker rand – is expected to translate into sharp increases in petrol and diesel prices.” This reflects the broader challenges faced by South Africa, which has lost roughly half of its refining capacity due to several domestic refinery closures stemming from accidents and underinvestment.
The Organization of the Petroleum Exporting Countries (OPEC) has announced a production increase of 200,000 barrels per day; however, this may have little impact relative to potential supply losses caused by ongoing geopolitical issues. Gwede Mantashe, a government official, remarked, “Rising geopolitical tensions and volatile energy markets highlight the risks of over-reliance on imported fuel.”
As the situation evolves, the freight and logistics sector is already feeling the pinch from higher diesel prices, which will likely filter through to consumers in the form of increased costs for goods and services. Skerdian Meta, an economic analyst, warned, “If global oil prices remain volatile and the rand stays weak, fuel prices could rise sharply in April, placing additional pressure on households and businesses already facing elevated living costs.”
In summary, the anticipated rise in petrol prices in South Africa is a multifaceted issue influenced by global market dynamics, currency fluctuations, and domestic policy changes. Authorities are urged to take proactive measures to mitigate the impact on consumers and ensure fuel supply security as the country navigates these challenges.
