brent crudelatest news & developments
From 1 April to 5 May, the levy on petrol will drop from R4.10/litre to R1.10/litre and on diesel from R3.93/litre to R0.93/litre, while other levies, including the Road Accident Fund and Carbon Fuel Levy, remain unchanged.

Fuel prices rise on Wednesday; government announces temporary relief

Petrol will rise by R3.06 a litre and diesel by up to R7.51/litre but a temporary R3/litre fuel levy relief will be in effect until 5 May

The latest projections indicate a historic fuel price surge, with diesel set to rise by more than R8 per litre and petrol by more than R5 per litre.

The April fuel cliff: Why South Africa’s policy paralysis costs us more than the Middle East war

This breakdown reveals that a significant portion of the fuel price sits within domestic policy control. The government cannot stop a war in the Middle East but it can intervene in the domestic cost structure

Economists are warning of a global recession should the Strait of Hormuz remain closed for more than a month, a likely scenario at the current trajectory.

World war of economics

An interconnected world has rendered us interdependent but also vulnerable to shock across economic geographies, forcing distinct national responses

Sub-Saharan Africa’s reliance on imported oil leaves countries exposed to economic shocks amid the escalating Middle East conflict.

Rising oil prices threaten African economies, new analysis warns

Sub-Saharan Africa’s reliance on imported oil leaves countries exposed to economic shocks amid the escalating Middle East conflict. Rising crude and LNG prices threaten import bills, inflation and currency stability, particularly in nations with low reserves

QatarEnergy said it had suspended production of liquefied natural gas at its Ras Laffan and Mesaieed facilities after Iranian drone strikes damaged energy infrastructure.

Qatar halts LNG output as Iran conflict hits Gulf energy infrastructure

Qatar is one of the world’s largest exporters of liquefied natural gas and a suspension of output removes roughly 20% of global trade by volume from immediate supply

The cost of petrol will fall by more than 60 cents a litre, while diesel users will benefit from reductions of up to R1.50 a litre. . (Oupa Nkosi)

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

From Wednesday, 95-grade unleaded petrol will cost R21.59 per litre in Gauteng and R20.76 in coastal areas

Petrol price to fall by 28 cents from 6 August, diesel to rise

From Wednesday, 95-grade unleaded petrol will cost R21.59 per litre in Gauteng and R20.76 in coastal areas