Here's the Latest Fuel Price Forecast for May 2026

Here's the latest fuel price forecast for May 2026

The ongoing blockade of the Strait of Hormuz by the United States military has begun to directly disrupt global shipping, intensifying concerns about oil supply and the potential impact on fuel prices in South Africa. The blockade, which took effect on Monday following the collapse of talks in Islamabad, is now being actively enforced across the wider region, with US authorities warning that vessels linked to Iranian ports could be intercepted o…

South African drivers expect huge fuel price increases in May

By Rorisang Modiba Petrol could rise to almost R30 a litre and diesel might reach nearly R40 a litre in Gauteng this May. Economist Dawie Roodt warned that these increases will cause the cost of living and inflation to go up over time. South African drivers are facing massive petrol and diesel price increases in May. Data from the Central Energy Fund shows fuel prices are much lower than what it costs to import. This gap between the pump price…

South Africa Fuel Price Outlook: Potential Diesel and Petrol Hikes

South African motorists and logistics firms are currently navigating a period of intense volatility as speculation mounts over whether the Department of

Petrol, diesel set for May hikes — diesel R40?

South African motorists need to brace for another painful month at the pumps. Early indicators point to a sharp fuel price increase at the start of May — and diesel leads the charge. This warning follows government’s temporary relief measures earlier this month. The R3 fuel levy relief in April 2026 softened what would have been an even steeper hike. But that relief looks increasingly short-lived. Underlying costs keep climbing. Daily data from …