Fuel prices surge in May with record petrol, diesel hikes
General NewsNews
5 May 2026

Fuel prices surge in May with record petrol, diesel hikes

Fuel prices jump sharply from 6 May 2026, with petrol up R3.27 and diesel R6.19. Here’s what’s driving the increases and what it means.

If you thought filling up was already painful, Wednesday brings more misery to South African motorists and households.

A combination of international oil price pressures, currency weakness and a hefty slate levy increase will see petrol and diesel prices climb to levels not seen before, squeezing budgets that are already under serious strain.

The latest adjustments, announced by the Central Energy Fund on behalf of the Department of Mineral and Petroleum Resources, point to a significant rise in both petrol and diesel, while users of gas and paraffin are also not spared.

The increases, which come into effect on 6 May 2026, are substantial and will be felt immediately at the pumps and in household budgets.

What is changing from Wednesday:

  • Petrol 93 and 95 will increase by R3.27 per litre
  • Diesel (both grades) will rise by R6.19 per litre
  • Illuminating paraffin (wholesale) climbs by R4.22 per litre
  • LPGas increases by R5.07 per kilogram

This means inland petrol 95 will now sit at around R26.63 per litre, up from roughly R23.36, while diesel wholesale prices push above R32.00 per litre depending on the grade.

The scale of the increase is largely driven by higher international oil prices and a weaker rand, both of which pushed up the Basic Fuel Price during the review period.

At the same time, government has kept a temporary fuel levy relief in place for petrol, while increasing relief on diesel to R3.93 per litre, in an effort to soften the blow slightly. However, this has not been enough to offset the overall rise.

A major additional contributor is the slate levy, which has been increased to R1.23 per litre to recover a large under recovery balance in the fuel price system.

How the fuel price is made up

Fuel prices in South Africa are made up of several regulated and market driven components. Petrol, in particular, is tightly controlled, with margins and pump prices set by government.

Recent fuel price trend (selected months)

Date Petrol 95 Inland Diesel Inland
Apr 2026 R23.36 R25.91
Mar 2026 R20.30 R18.54
Jan 2026 R20.75 R18.42
Oct 2025 R21.63 R19.34
May 2025 R21.40 R18.90
May 2026 R26.63 R32.10

The latest increase reinforces how sensitive local fuel prices are to global oil markets, currency movements and domestic levies. For consumers, the result is clear: from Wednesday, filling up a tank or buying gas will cost significantly more, adding further strain to already tight household budgets.

S

Staff Writer

Reporting from the front lines of the automotive industry, delivering expert analysis and the technical updates that drive the South African motor sector forward.