Cape Town – South African motorists are being warned of a sharp fuel price increase in April, driven by global conflict in the Middle East, a weakening rand, and upcoming tax hikes.
Data from the Central Energy Fund (CEF) shows significant under-recoveries in petrol and diesel prices, pointing to steep increases of up to around R4.27 per litre for petrol and over R7 per litre for diesel if current trends continue.
The surge is linked to rising global oil prices amid tensions involving the US, Israel and Iran, as well as fears of supply disruptions in the Strait of Hormuz. A 21-cent fuel tax increase and an 8.76% electricity tariff hike are expected to add further pressure.
Mineral and Petroleum Resources Minister Gwede Mantashe said the government is working with industry to secure fuel supply, while emphasising that long-term solutions lie in developing South Africa’s own oil and gas resources, despite opposition from environmental groups.
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Compiled by Betha Madhomu
