DMRE predicts sharp diesel and petrol price increases for May 2026

8 articles · Updated · Stuff Magazines · Apr 26

Diesel prices may rise by up to R5.93/l and petrol by up to R2.14/l, according to DMRE forecasts.
The increases are driven by higher global oil prices, a weaker Rand, and the closure of the Strait of Hormuz.
Government relief, such as a R3/l fuel tax reduction, is expected to continue, potentially costing R10–12 billion over the next two months.

Beyond a temporary tax cut, what is South Africa's long-term plan to escape crippling fuel price shocks?

How will skyrocketing fuel and fertilizer costs threaten South Africa's food security in the coming months?

Is the government's R12 billion fuel subsidy a necessary relief or a costly delay of inevitable economic pain?

As inflation looms, will the South African Reserve Bank be forced to raise interest rates again?

With the Strait of Hormuz closed, are alternative oil routes or diplomatic breakthroughs realistically on the horizon?