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Treasury’s message to South Africans over petrol price shock: you’re on your own | SA News

 ·19 Mar 2026

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South Africa’s National Treasury signalled it has little room to mitigate against the impact of a looming fuel-price shock stemming from the war in the Middle East.

The price of crude has jumped more than 40% to over $100 a barrel since the US and Israel attacked Iran on 28 February, disrupting shipping and production.

It would cost the government tens of millions of rand to offset the knock-on effect on gasoline and diesel costs, said Duncan Pieterse, the Treasury’s…

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