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[BUSINESS] · South Africa, Eswatini, Mozambique · 15 sources

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Southern Africa fuel prices rise amid global supply pressures

Fuel prices in Southern Africa have seen significant increases. In South Africa, petrol prices rose by 1.34 rand per litre, while diesel prices increased by up to 3.14 rand per litre. The South African Department of Mineral and Petroleum Resources attributed these hikes to rising international crude oil prices and supply chain disruptions, specifically noting that Russian diesel export restrictions have impacted diesel availability.

In Eswatini, the Ministry of Natural Resources and Energy announced that Unleaded Petrol (ULP95) will increase by E1.30 per litre, while Diesel 50ppm S and Illuminating Paraffin will each rise by E1.35 per litre. These increases are also driven by global market pressures and higher crude oil costs.

The fuel hikes in South Africa are expected to have a ripple effect on neighboring Mozambique, potentially increasing import and logistics costs for essential goods such as food and industrial raw materials. In South Africa, transport operators have noted that fuel represents between 35% and 55% of their operating costs, leading to concerns regarding increased transport rates and supply chain impacts.

Entities

Department of Mineral Resources and Energy · Department of Mineral and Petroleum Resources · Eswatini · Mozambique · Road Freight Association · Sassa · South Africa

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Sources

Fuel shock: petrol hits E 25. 97 [independentnews.co.sz]
26 days ago