President Cyril Ramaphosa has raised concerns over the impact of rising fuel prices on the cost of living. Picture Credit: Facebook
By AIsha Zardad
South Africa — South Africans are bracing for a major fuel price shock from April 1, with petrol and diesel increases expected to hit some of the highest levels on record, placing severe pressure on already strained household budgets.
President Cyril Ramaphosa has warned that the sharp increases could deepen the country’s cost-of-living crisis, as global instability continues to drive up oil prices. Speaking at the ANC Limpopo’s 11th provincial conference, Ramaphosa said the hikes are largely beyond South Africa’s control.
“The world economy is shifting beneath us,” he said, citing geopolitical tensions, slowing global growth and rising economic nationalism as key drivers behind the surge.
Petrol prices are expected to climb by between R5.31 and R5.82 per litre, while diesel could increase by more than R10. With recent fuel tax adjustments included, inland petrol prices could exceed R26 per litre, while diesel in Gauteng may approach R30 — a level that would significantly impact transport and food costs.
According to Ramaphosa, tensions in the Middle East and Eastern Europe have disrupted global oil markets, contributing to the sharp rise in fuel prices.
“By 1 April, we’re going to see prices of petrol and diesel going up, driven largely by the conflict that is going on,” he said.
The president warned that the knock-on effects would be felt across the economy, with rising transport costs expected to drive up the price of goods and services, further squeezing consumers. He added that inflationary pressures are likely to intensify in the coming months.
In response to the looming crisis, Ramaphosa said he has instructed key ministers to urgently explore interventions to soften the blow. Finance Minister Enoch Godongwana is already grappling with the potential impact.
“He told me he is having sleepless nights… I am not sleeping at all because of this challenge that our people are now facing,” Ramaphosa said.
Looking beyond the immediate strain, Ramaphosa emphasised the need for long-term measures to shield South Africa from global shocks, including strengthening energy security, supporting local industry and upgrading infrastructure in sectors such as transport, water and logistics.
“This moment requires that we build domestic industrial strength… and improve our energy security,” he said.
Ramaphosa reiterated South Africa’s stance on international conflicts, criticising the economic fallout of ongoing wars and backing nations seeking self-determination.
Despite the imminent fuel price hikes, Ramaphosa said the government remains committed to keeping the economy stable and protecting the households most affected by rising costs.
