Pretoria – The Department of Mineral and Petroleum Resources has assured South Africans that the country’s fuel supply remains stable in the short term, despite rising volatility in global energy markets caused by geopolitical tensions in the Middle East.
In a statement released on 18 March 2026, the department said the government is actively coordinating with industry stakeholders to secure both crude oil and refined petroleum products from a diversified range of sources.
“Fuel consignments scheduled for March and early April 2026 were secured prior to the recent escalation in global tensions. These deliveries have commenced and are expected to adequately sustain national supply over the coming weeks,” the statement said.
Government acknowledged that international developments have already pushed crude oil prices above USD 100 per barrel, creating upward pressure on domestic fuel costs.
Pricing transparency
“As a net importer of petroleum products, South Africa remains inherently exposed to these external dynamics. Sustained increases in international oil prices, coupled with exchange rate fluctuations, are expected to translate into higher domestic fuel prices in the months ahead,” the department noted.
The statement also emphasised the importance of pricing transparency in the fuel value chain, particularly for unregulated products like jet fuel.
“Industry stakeholders are expected to ensure that pricing practices are fair, justifiable, and fully compliant with applicable competition and consumer protection laws,” it said.
Energy security
While the short-term supply outlook is stable, government is advancing long-term measures to strengthen energy security, including diversifying fuel import sources, increasing strategic storage capacity, and accelerating key infrastructure projects.
“South Africa will continue to honour its regional supply obligations, while ensuring that the security of domestic fuel supply remains paramount,” the department said, adding that it will keep the public informed as developments unfold.
The statement reafformed government’s commitment to safeguarding energy security and supporting broader economic stability in the face of ongoing global uncertainty.
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Compiled by Betha Madhomu
