Motorists should prepare for a huge increase in fuel prices to take effect in April.
The latest fuel price forecast from the Central Energy Fund in South Africa has indicated that the price of 95-octane petrol could see an increase of more than R5 next month (April 2026).
The Fuel Industry Association of South Africa has also expressed concern about fuel affordability in the coming months.
Motorists have been urged to avoid panic buying ahead of the price change in April, as this could put unnecessary pressure on the supply system.
The biggest increase in petrol prices in South Africa in a month occurred in July 2022, when prices rose by R2.57 per liter following Russia's invasion of Ukraine.
Oil prices have risen primarily as a result of the war sparked by US and Israeli attacks on Iran, which has created significant geopolitical risks in energy markets.
We are now joined by Dr Iraj Abedian, an economist, and Avafni Tshifularo, chief executive of the Fuel Industry Association of SA, to look at the implications.
Source: sabc news