South African Fuel Prices Expected to Rise Significantly in April 2026
Motorists in South Africa could face fuel price increases of up to R6 per litre in April 2026 if current oil price trends continue. This comes as the Brent crude oil price briefly surged to nearly $120 a barrel, largely due to escalating tensions in the Strait of Hormuz.
As of March 9, the rand was trading at R16.87 to the dollar, but it strengthened to about R16.20 on March 10. Despite this slight recovery, the retail price of 95 unleaded petrol is predicted to increase by R3.34 per litre, while the wholesale price of diesel is expected to rise by R5.66 for 0.05% sulphur and R5.78 for 0.005% sulphur.
In March 2026, the inland price of 93 unleaded petrol rose to R20.19, and 95 unleaded petrol reached R20.30, following an increase of 62 to 65 cents for diesel and 20 cents for petrol.
The Department of Mineral and Petroleum Resources has stated that there is currently no immediate risk of fuel shortages in South Africa. A spokesperson noted, “While prolonged geopolitical tensions may exert pressure on international oil prices, the department wishes to assure the public that there is currently no immediate risk of fuel shortages in South Africa.”
South Africa imports over 20 billion litres of crude oil and refined petroleum products each year, with nearly half of its crude oil imports coming from Nigeria and the remainder sourced from the Middle East. The country maintains strategic crude reserves intended to provide about 90 days of supply.
However, the Astron Energy refinery is undergoing a planned maintenance shutdown, although it has secured sufficient fuel imports to mitigate any immediate supply concerns.
Historical context shows that the highest petrol price in South Africa was recorded in July 2022 at R26.74 per litre, a spike attributed to the Russian invasion of Ukraine.
Experts warn that higher oil prices will lead to increased input costs across various sectors. Lungile Mashele stated, “We are deeply susceptible to these shocks and they will become evident in our food, electricity, fuel, medical, clothing, car and building prices.” She also noted that while higher oil prices will certainly lead to higher input costs for almost all goods and services, this does not necessarily result in inflation.
Details remain unconfirmed regarding the final increase in fuel prices, as the volatility in oil markets continues to create uncertainties. The impact of geopolitical tensions on fuel supply and prices remains unclear.
