A new pricing system will widen the margin for petrol retailers and narrowing that for wholesalers.
Petrol pumps around Gauteng and other provinces have begun to run out of fuel, and things could get worse if the transport strike is not resolved.
United States sanctions on Iranian oil exports set to impact local refiners.
The South African Petroleum Industry Association (SAPIA) unpacks the fuel-price hike.
Reports that South Africa is on the brink of a national fuel shortage are exaggerated, the petroleum industry association said on Tuesday.
Actual petrol price changes at the pump will differ from the change in the base price, the SA Petroleum Industry Association said on Monday.
The South African Petroleum Industry Association said the replacement of older petrol pumps, which are unable to reflect a price of more than R9,99, would take several months. Roughly 18Â 500 petrol pumps, or about 30% of all South Africa's pumps, need to be replaced. These pumps do not have digital readings.
A new refinery in South Africa is likely to be the only one to go ahead in the short-term from a slew of projects proposed in sub-Saharan Africa, analysts say. Dozens of developments have been announced in recent years in countries including Angola, Nigeria and Zimbabwe but most will stay on the drawing board.