ZASouth African fuel prices are set to rise sharply from Wednesday, September 2, due to ongoing conflicts in the Middle East impacting global oil markets. The Department of Mineral and Petroleum Resources has officially announced increases of R1.34 per litre for both grades of petrol and between R2.94 and R3.15 per litre for diesel, depending on the sulphur content. These increases bring the price of 95 unleaded petrol to R26.05 at the coast and R26.92 inland, while 500ppm diesel will cost R28.23 at the coast and R29.11 inland. Fuel prices have been highly volatile throughout 2026, with petrol increasing by R6.58 and diesel rising by R10.75 between March and September. International oil prices remain elevated compared to pre-war levels, though they have declined from earlier peaks. JP Morgan predicts Brent crude will average $86 per barrel in Q3 2026, dropping to $78 by year-end, citing reduced demand and inventory changes.
Bias read (Center): The article provides factual updates on fuel price changes driven by international geopolitical factors and does not exhibit overtly biased language or selective sourcing. It includes information from the Department of Mineral and Petroleum Resources and references external economic analyses from JP
