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New state-owned company to deal with rising fuel prices in South Africa | SA News

Staff Writer
 ·19 May 2026

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Minister of Mineral and Petroleum Resources, Gwede Mantashe, says South Africa needs to fast-track the establishment of a new state-owned company to address rising fuel prices.

South African consumers and industries have suffered massive price shocks, with petrol and diesel prices rising by a staggering R6.29/litre and R12.60/litre, respectively, over the past two months.

The steep climb in pump prices has been driven by chaos in global oil markets as a result of the…

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  1. Did you knowthis about South Africa? South Africa celebrates its annual Heritage Day on 24 September. On this day, South Africans get together to celebrate their diverse cultures, traditions and beliefs. You’ll most likely find people enjoying a braai (barbecue) and dressed in traditional garb.

  2. Germany: You have two cows. One lives in Deutchsland, the other lives in Germany. You still can\’t tell them apart.