South Africa announces sharp fuel price hikes amid global oil surge
According to the department, the price of petrol 93 and petrol 95 will increase by 3.06 rand per liter, while diesel will rise by between 7.37 rand and 7.51 rand per liter. Kenya breaking news | Kenya news today |..
✨ Key Highlights
South Africa has announced significant fuel price hikes effective midnight, with petrol and diesel set to rise sharply due to escalating global oil prices and a weakening rand.
- Petrol prices will increase by 3.06 rand (approx. $0.18) per liter, and diesel by 7.37 to 7.51 rand per liter.
- The Department of Mineral and Petroleum Resources attributed the increases to a surge in international crude oil prices, driven by tensions between the United States and Iran.
- To offer temporary relief, a 3 rand per liter reduction in the general fuel levy for April has been implemented.
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Oil falls below $100 and shares jump on hopes Iran war will end soon - April 2026
Oil prices have fallen below $100 a barrel and Asian shares have surged following President Donald Trump's statement that the US will withdraw from Iran in two to three weeks, irrespective of a deal. South Africa has announced significant fuel price hikes effective midnight, with petrol and diesel set to rise sharply due to escalating global oil prices and a weakening rand. In a separate development, a crucial deal between the Kenyan government and Saudi Arabian firm Saudi Aramco to supply cheaper cooking gas has collapsed, delaying plans to expand the country's liquefied petroleum gas (LPG) infrastructure and lower prices.
