Fuel Prices
latest news & developments
Golf GTI diary: A daily battle against temptation
With inland fuel prices hovering near R27 per litre, we spent a month living with the updated 195 kW Volkswagen Golf 8.5 GTI to see if South Africa's favourite hot hatch can be…
Reserve Bank hikes interest rate for first time since 2023 as oil shock, inflation risks mount
South African Reserve Bank raises interest rate to 7%, warning that oil shocks, food inflation and global instability could drive prices higher
Absa boosts fuel cashback as petrol prices surge
As petrol and diesel prices climb by more than R3 a litre, Absa has increased its fuel cashback cap and earn rates through its rewards programme, aiming to provide immediate…
Global wars and fuel shocks are putting pregnant women at greater risk of dying in childbirth
As wars disrupt fuel supplies and health systems, more women are being forced to give birth without timely access to skilled care
Fuel costs are reshaping the next-car decision
South Africans are increasingly open to hybrids as petrol prices and affordability pressures weigh on households
Mantashe pushes oil and gas drive as global tension raises fuel price risks
Mantashe says South Africa must move faster on oil and gas exploration to reduce import dependence and protect energy security
G7 failed to address core issue in escalating US-Israel-Iran war, experts say
With oil prices climbing to $120 a barrel and the Strait of Hormuz shut, analysts say the G7 missed a critical opportunity to push for peace in the escalating US-Israel-Iran…
Fuel prices to drop by up to 65 cents a litre from Wednesday
The department of mineral and petroleum resources cited a stronger rand and lower international refined product costs
Fuel prices to fall sharply, driven by lower global oil markets
From 7 January, 93-grade unleaded petrol will decrease by 62 cents a litre while 95-grade petrol will cost 66 cents less
Petrol price set to drop by 92 cents from Wednesday
This is the fourth consecutive monthly decrease in petrol prices
Petrol price reprieve for South Africa for the third month in a row
Although the average price of Brent crude oil price increased during the period under review, this was offset by a stronger rand against the US dollar
Taxi commuters spared tariff hikes for now, despite fuel price surge
Gauteng, KwaZulu-Natal and Western Cape refrain from increasing taxi fares but haven’t ruled out the possibility
Higher electricity tariffs stand in the way of inflation normalising in 2023
Reserve Bank’s inflation forecast likely to be pushed up, with Eskom set to increase the price of electricity by 18.65% from April
GDP contracts as SA’s sluggish economy embarks on a go-slow
Global dynamics and South Africa’s energy crisis will weigh on domestic growth for years to come. But green investment could, eventually, resuscitate the economy
‘Tunisia Days’ ahead as inflation exerts political pressure
With high prices continuing to bear down on consumers the world over, leaders who fail to bring inflation to heel could face a reckoning