fuel prices
Energy Secretary Sharon Garin warned of a possible fuel price increase starting April 20, following a rollback announced by President Ferdinand Marcos Jr. effective April 14. She attributed this to uncertainties involving US President Donald Trump and Middle East conflicts. Garin shared this during a Senate PROTECT committee hearing on April 13.
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In response to diesel shortages triggered by Middle East conflicts including recent attacks on Iran, South Africa's Department of Mineral Resources and Petroleum has begun a comprehensive review of the fuel pricing mechanism. Reforms to industry margins are targeted for March 2027, with a temporary R3 per litre fuel levy cut providing short-term relief amid rising global oil prices.