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Fuel price hike looms as global oil pressures outweigh local relief measures

South African motorists are set to face higher fuel costs from Wednesday after the Department of Petroleum and Mineral Resources (DMPR) announced increases of up to R6.19 per litre, despite government efforts to soften the impact through temporary tax relief.

The latest adjustments reflect a sharp upward shift in global oil prices, which the department says has outweighed domestic interventions aimed at cushioning consumers.

Petrol (93 and 95 ULP & LRP) will increase by R3.27 per litre, while diesel will rise by R6.19 per litre across both 0.05% and 0.005% sulphur grades. Illuminating paraffin and liquefied petroleum gas (LPGas) will also see notable increases, adding further pressure on household energy costs.

The DMPR attributes the increases to a sustained rise in Brent Crude oil, which climbed from 93.67 US dollars to 101 US dollars during the review period. The department points to ongoing geopolitical tensions involving the United States and Iran, as well as disruptions linked to the closure of the Strait of Hormuz, as key drivers behind reduced global supply.

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