Fuel Price Outlook | May 2026 fuel price projections

The continuing tensions between the United States and Iran have affected the global supply of crude oil, resulting in the Department of Mineral and Petroleum Resources also hiking this month's fuel price to a record high.

The price of petrol increased by three rand per litre and diesel went up by seven rand. This has also created an unsettling outlook for next month's fuel adjustments. But is there a cause for concern?

To answer this, we are joined virtually by the Chief Executive Officer of the Automobile Association, Bobby Ramagwede.

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