The Minister of Mineral and Petroleum Resources has announced adjustments to South Africa’s fuel prices, effective from 3 June 2026. The department said fuel prices are reviewed monthly and are influenced by both international and local market factors, including crude oil prices, shipping costs, and exchange rate movements.
The latest review found that while Brent crude oil prices increased due to tensions between the United States and Iran and concerns around the Strait of Hormuz, international petroleum product prices generally declined. Lower demand for diesel and paraffin in the Northern Hemisphere summer contributed to reduced costs, while a slightly stronger rand against the US dollar also helped ease pressure on fuel prices. These factors collectively influenced the latest fuel price adjustments.
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