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Fuel Prices: Why Stations Aren’t Waiting to Hike Costs | News24

March 24, 2026 Priya Shah – Business Editor Business

South African motorists are facing substantial fuel price increases in April, with diesel prices expected to rise by nearly R9 per litre. The anticipated hikes have prompted concerns about potential disruptions, but fuel stations are not deliberately running dry ahead of the increase to capitalize on the situation, according to industry sources.

The expected surge in diesel prices follows a 20c per litre increase in March, bringing the current price to approximately R18.34 per litre in Gauteng, and R17.71 per litre at the coast. Petrol prices are also set to climb, with 95-octane petrol currently selling for R20.30 per litre in Gauteng and R19.47 per litre at the coast.

Reports of stations limiting supply before price adjustments are a recurring phenomenon in South Africa, often fueled by speculation of opportunistic practices. Although, industry analysts point to logistical factors and supply chain dynamics as the primary drivers of temporary shortages. These factors include scheduled maintenance at refineries, disruptions in crude oil supply, and routine transportation delays.

The scale of the upcoming diesel price increase is particularly significant. The price is now close to R9 per litre, a level not previously seen in the country. This increase will have a ripple effect across various sectors, including agriculture, transportation, and manufacturing, all heavily reliant on diesel fuel.

The Automobile Association (AA) has previously commented on record price increases, noting the substantial impact on consumers. In a similar situation in September 2023, petrol prices rose by R1.71 per litre, and the wholesale price of diesel increased by R2.84 per litre, pushing the cost of 95 unleaded petrol to R24.54 in Gauteng.

As of Tuesday, March 24, 2026, the Department of Energy has not issued a statement addressing the claims of stations manipulating supply. The fuel price adjustments are scheduled to accept effect on the first Wednesday of April.

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