Nigeria, May 5 -- South Africa has announced an upward adjustment in fuel prices effective 6 May 2026, citing rising global crude oil prices, higher international petroleum product costs, and supply disruptions linked to tensions in the Middle East.

The development highlights mounting pressure on major fuel-importing economies, where fluctuations in international oil prices and shipping costs continue to influence domestic petrol prices following the removal of fuel subsidy in 2023.

In a statement issued on Monday, South Africa's Minister of Mineral and Petroleum Resources said both international and local market conditions determine the country's monthly fuel price adjustments.

The minister explained that because South Africa imports ...