Middle East Conflict | Impact of global tensions on fuel prices

Middle East Conflict | Impact of global tensions on fuel prices



The Department of Mineral and Petroleum Resources says there’s no immediate risk of fuel shortages in South Africa.

The department’s message follows alarms raised about impending global fuel shortages.

The escalating conflict in the Middle East is now sending shockwaves through global energy markets and has sent crude oil prices soaring.

To look at South Africa’s fuel market and supply outlook, we are now joined by the Director for Fuel Pricing Mechanism at the Department of Mineral & Petroleum Resources, Robert Maake, and Energy economist Lungile Mashele.

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23 thoughts on “Middle East Conflict | Impact of global tensions on fuel prices

  1. 🤣🙄 – Really – When did Trump say he wasn't interested in ending the war because the USA was making money?
    it's kind of ironic that the anc having pushed their support for the Iranian regime hasn't seen us receiving an uninterupted supply, and we're able to bank on the infrastructural investments of the 'old South Africa'

  2. Who signed the Paris Climate accord that brought the stupid environmental laws that closed the refineries? The ANC. Who brought us all the nationalisation policies which prevents companies from getting licenses to operate without bribing all the comrades? The ANC. Go sit in a meeting for a water license, a mining license, try that, see how corrupt the cadres are.

  3. The "Sobering" truth is that as of March 2026, the South African grid is facing a Mathematical Paradox: for the first time in history, the total contribution from the country's 8 million taxpayers (R845 billion) is no longer enough to even cover the salary bill of the 1.3 million public sector workers (R853 billion).

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