The Department of Mineral and Petroleum Resources has announced the official fuel price adjustments that will come into effect from Wednesday
South Africa's Department of Mineral and Petroleum Resources has announced fuel price adjustments for August 2026, citing fluctuations in global crude oil prices and the Rand's exchange rate. While petrol prices decreased, diesel and paraffin costs rose due to supply chain disruptions linked to the Russia-Ukraine conflict.
Why it matters
Fuel price adjustments directly impact inflation and the cost of living for consumers and businesses in South Africa.
The Minister of Mineral and Petroleum Resources hereby announces the adjustment of fuel prices based on current local and international factors with effect from the 5th of August 2026.
South Africa's fuel prices are adjusted monthly, informed by international and local factors. International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including importation costs, e.g., shipping costs.
The main reasons for the fuel price adjustments are as follows: 1. Crude oil prices
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