IOL Logo
Friday, May 16, 2025

Latest News & Developments

fuel prices

Soaring food costs squeeze South Africans

This spike in food costs continues to negatively affect the poor, who are already bearing the brunt of the sluggish economy and instability.

Daily News
LUNGANI ZUNGU|Published

Fuel price outlook for May: petrol and diesel decreases looking likely

April's fuel price cuts are likely to be followed by further decreases in May, but a weaker rand will limit the savings. Here's what you can expect at the pumps.

Motoring Industry News
Jason Woosey|Published

Watch VideoVAT Crisis | Beyond the Pump: How South Africa's fuel taxes affect daily life

While fuel taxes remain unchanged in the 2025 Budget, South Africans still pay R6. 21 per litre in levies, affecting everything from food prices to taxi fares and widening the gap between rich and poor.

Motoring Industry News
Jason Woosey|Published

April's official fuel price announcement brings relief for South African motorists

South Africans can look forward to significant savings at the pumps from April 2, as petrol and diesel prices are set to decrease.

Motoring Industry News
Jason Woosey|Updated

Big fuel price cuts still on the cards for South Africa in April

Fuel prices are expected to drop significantly in April, providing much-needed relief for South African motorists.

Motoring Industry News
Jason Woosey|Published

Significant fuel price decreases predicted for South Africa in April

Big petrol and diesel price decreases are looking likely for April as international oil prices recede. Here's what to expect next month:

Motoring Industry News
Jason Woosey|Published

2025 Budget Speech brings no increase to fuel levy, but carbon tax raised

Although the fuel levy freeze is a step in the right direction, South African fuel still carries a relatively heavy tax burden.

Motoring Industry News
Jason Woosey|Published

The alarming 200% increase in petrol prices since 2008: what you need to know

South African fuel prices have skyrocketed by almost 200% since 2008, from R7. 20 to R21. 55 per litre. And it's not only at the pumps where we are feeling this. But what exactly contributes to the price of petrol?

Motoring Industry News
Willem van de Putte|Updated

Official petrol and diesel price decreases announced for Wednesday, March 5

South Africa's official fuel price adjustments for March have been announced. Here's how much you'll pay for petrol and diesel from Wednesday.

Motoring Industry News
Jason Woosey|Published

Here’s what you’re likely to pay for petrol and diesel from Wednesday, March 5

March fuel price data from the CEF shows mixed outlook for petrol and modest relief for diesel customers. Here's what to expect:

Motoring Industry News
Jason Woosey|Published

March Fuel price outlook better than expected, with some relief for diesel customers

Lower international oil prices have improved the fuel price outlook for March. Here's what you're likely to pay for petrol and diesel next month.

Motoring Industry News
Jason Woosey|Published

Experts predict no major change in petrol prices next week

Leading economists share their insights on the expected petrol price changes for March, highlighting factors influencing the market

Business Report Economy
Yogashen Pillay|Published

Relief! SA fuel price hiking cycle may be coming to an end soon

International oil prices have dipped, suggesting a promising shift in South Africa's fuel price outlook this month.

Motoring Industry News
Jason Woosey|Updated

No reprieve for consumers as fuel prices steeply increased for February

February’s increases follow petrol price hikes of between 12 cents and 19 cents in January, 17 cents in December and 25 cents in November.

Business Report Economy
Ashley Lechman|Published

eThekwini water tanker deliveries halted due to diesel shortage

EThekwini Municipality's water tanker deliveries have been halted due to a diesel shortage, exacerbating ongoing water supply issues in the region. Municipal officials express concerns over infrastructure failures and budget constraints, prompting calls for urgent intervention

News
Zainul Dawood|Published

February brings major fuel price increases

The Department of Mineral and Petroleum Resources announced the official price adjustments on Tuesday and will come into effect from Wednesday.

Business Report Economy
Ashley Lechman|Published

Fuel price increases confirmed: here’s how much you’ll pay for petrol and diesel from February 5

Big increases for both petrol and diesel have been confirmed by the Department of Mineral and Petroleum Resources. Here's how much more a tank will cost you.

Motoring Industry News
Jason Woosey|Updated

Fuel prices set to rise significantly from Wednesday

Economists expect oil prices to remain volatile due to the uncertainty created by Trump’s protectionist policies as well as US sanctions on Russian-produced fuel.

Cape Argus News
Jason Woosey|Published

Motorists brace for steep petrol price hike next week

Economists have warned motorists to start filling up their tanks as a steep petrol price increase is on the cards on Wednesday, February 5.

Business Report Economy
Yogashen Pillay|Published

International oil prices recede, but not in time to soften February’s big fuel price blow

International oil markets are facing uncertain times in the wake of Donald Trump’s Presidency. Here's what the impact will be on your pocket next month.

Motoring Industry News
Jason Woosey|Published

Oil falls as Trump repeats call for OPEC to cut prices

Trump on Friday reiterated his call for the Organization of the Petroleum Exporting Countries to cut oil prices to hurt oil-rich Russia's finances and help bring an end to the war in Ukraine.

Business Report Economy
Reuters|Published

Prepare for steeper fuel price increases: What South African motorists need to know for February

With the most recent daily data having moved further into the red, the aforementioned under-recoveries look set to grow between now and month-end, risking increases of R1 or more for petrol, should current trends persist.

Cape Argus News
Jason Woosey|Published

Huge petrol and diesel price hikes expected in February

Significant fuel price increases are on the cards for South Africa in February. Here's what to expect:

Motoring Industry News
Jason Woosey|Published

Significant Petrol and diesel price increases on the cards for February as oil prices surge

February’s fuel price hikes are likely to be bigger than expected thanks to recent developments on the oil price and local currency front.

Motoring Industry News
Jason Woosey|Updated

‘Februworry’ loading: Significant petrol and diesel price increases looking likely for next month

More bad news is brewing on the fuel price front, with substantial under-recoveries developing on petrol and diesel.

Motoring Industry News
Jason Woosey|Published