The CEF does not provide daily snapshot data for LP Gas, so it is not currently possible to provide an expected price for the coming month.<\/p>\n\n\n\n
The daily snapshots from the CEF are also not entirely predictive of the final fuel price adjustments, and the numbers may change by the end of the month.<\/p>\n\n\n\n
The Department of Petroleum and Mineral Resources only announces the final price a few days before the implementation date.<\/p>\n\n\n\n
However, the data provides a strong indication of where prices are headed and reflects current market trends for the first half of the month.<\/p>\n\n\n\n
Notably, nothing short of government intervention or a market miracle would spare motorists from the coming hikes.<\/p>\n\n\n\n
Appeals have been made to the government to intervene, similar to measures taken in 2022 when Russia invaded Ukraine.<\/p>\n\n\n\n
This saw the government temporarily reduce the general fuel levy by R1.50 per litre. <\/p>\n\n\n\n
As things currently stand, however, the government will be going the opposite direction, adding 21 cents per litre to fuel taxes, exacerbating the painful blow that’s coming.<\/p>\n\n\n\n The main driver of the massive under-recovery in fuel prices is the surge in the cost of international product prices.<\/p>\n\n\n\n These prices are mainly tied to the global oil price and refining costs. As an importer of refined petroleum products, South Africa suffers greatly from this.<\/p>\n\n\n\n After trading below $60 a barrel at the start of the year, oil prices have risen sharply to above $100 a barrel, currently trading around $106.<\/p>\n\n\n\n The surge comes as a direct result of the United States and Israel’s bombardment of Iran, which has resulted in military escalations and war in the Middle East.<\/p>\n\n\n\n Key to the mess is the Strait of Hormuz. The strait is one of the world\u2019s most crucial energy chokepoints, where an average of about 20 million barrels per day is shipped through.<\/p>\n\n\n\n This is roughly 20% of global petroleum liquids consumption.<\/p>\n\n\n\n The war has cut shipping through the strait, with more recent escalations further choking vital ports in the surrounding regions.<\/p>\n\n\n\n In a sign of how the war is squeezing global crude supply, the IEA said Sunday that oil from an unprecedented stockpile release will be made available immediately in Asia.<\/p>\n\n\n\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/03\/Petrol-price-recoveries-mid-March-26.jpg\")
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\n\n\n\nOil prices surge<\/h2>\n\n\n\n