Fuel prices rise amid Middle East tensions

The Department of Mineral and Petroleum Resources has announced adjustment of fuel prices based on current local and international factors.
The hikes will take effect from the 4th of March 2026.
The department says higher shipping rates as well as the geopolitical uncertainty caused by escalating tensions between the United States are some of the main factors behind the increase.
Petrol 93 will increase by 20 cents per litre, while diesel vehicle drivers will see increases of between by 62 cents and 65 cents per litre.
Wholesale illuminating paraffin is set to increase by 44 cents a litre, while LP gas will see increases of 23 cents 26 cents per kilogram.
Various other factors are listed as reasons for the increases, including crude oil prices, with an average price increase from $64.08 to $69.08
International petroleum product prices following the increasing trend of the crude oil price. These factors led to higher contributions to the basic fuel prices of petrol, diesel and illuminating paraffin by 37.53 cents per litre, 81.36 cents per litre and 63.81 cents per litre.
Based on current local and international factors, the fuel prices for March 2026 will be adjusted as follows:

Petrol 93 (ULP & LRP) – 20 cents per litre
Petrol 95 (ULP &LRP) – 20 cents per litre
Diesel (0.05% sulphur) – 62 cents per litre
Diesel (0.005% sulphur) – 65 sixty cents per litre
Illuminating paraffin (wholesale) – 45 cents per litre
SMNRP for illuminating paraffin – 58 cents per litre
Maximum retail price of LP gas – 23 cents per kilogram increase and 26 cents per kilogram increase in the Western Cape.

Middle East Conflict | Tensions pose risk to SA fuel prices, market volatility – Dr Iraj Abedian: 

 
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