A decimal error in the government’s calculation has led to a significant underestimation of the diesel price increase in South Africa on May 6, 2026. This mistake has caused confusion and concern among consumers regarding fuel costs.
The initial expectation was that the diesel price would rise by R5.27 per litre. However, due to the decimal point error, the official increase was reported as almost R1 higher than it should be. Diesel wholesale prices are now set to be R31.18 in Gauteng and R30.30 on the coast.
The rise in diesel prices results from higher international demand and a shortage of diesel refinery capacity. The average Brent crude oil price increased from below $65 in January to $101 over the past month, contributing to this surge.
Key statistics:
- The diesel price should have increased by R5.27, not the inflated figure.
- The retail price for diesel will range between R32.30 and R32.90 per litre depending on the grade.
- In Gauteng, 95 unleaded petrol will cost R26.63, while coastal regions will see it at R25.76.
Experts express concern over these developments. Sanisha Packirismy stated, “The increase in fuel prices acts like a tax on everyday living.” Robert Maake noted that higher oil prices during this period led to increased costs across all products. Gary Booysen emphasized that consumers will need to tighten their belts as inflation continues to rise.
In April, the government had cut the diesel fuel levy by R3 a litre to mitigate economic strain from rising fuel prices. However, plans to halve this general fuel levy relief in June may further exacerbate consumer pressure as inflation is expected to peak at 5% soon.
With these changes, South African consumers face an uphill battle against rising living costs driven by fluctuating fuel prices and ongoing inflationary pressures.
