Stable fuel supply for Gauteng residents despite global market volatility | Germiston City News

South Africans can be assured that the country’s fuel supply remains stable in the immediate term, despite heightened volatility in global energy markets, the Department of Mineral and Petroleum Resources (DMPR) has confirmed.

In a statement released by the South African Government News Agency, the department said the government is working closely with industry stakeholders to secure both crude oil and refined petroleum products from a diverse range of sources. A comprehensive plan is in place to manage potential supply risks.

“The department wishes to assure all South Africans that the country’s fuel supply remains stable in the immediate term, notwithstanding global uncertainties arising from ongoing geopolitical tensions in the Middle East,” the statement by the DMPR read.

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Fuel consignments scheduled for March and April were secured before the recent escalation in international tensions. These deliveries have already commenced and are expected to sustain national supply in the coming weeks.

However, the department warned that recent global developments have already placed upward pressure on fuel prices. Crude oil has surged past the $100 per barrel mark, driven by supply disruptions and uncertainty affecting critical shipping routes.

“As a net importer of petroleum products, South Africa is exposed to external market dynamics. Sustained increases in international oil prices, coupled with exchange rate fluctuations, are likely to result in higher domestic fuel prices in the months ahead.”

The department emphasised the importance of transparency in pricing across the fuel value chain, especially for unregulated products such as jet fuel. Industry players are expected to ensure pricing is fair, justifiable, and compliant with competition and consumer protection laws.

Government continues to engage with stakeholders to monitor supply, assess emerging risks, and coordinate timely interventions where necessary.

While the short-term outlook remains stable, the department is advancing long-term measures to strengthen energy security. These include diversifying import sources, expanding strategic storage capacity, and accelerating key infrastructure projects.

South Africa will continue to meet regional supply commitments while prioritising the security of domestic fuel supply. The DMPR said it will keep the public informed of developments and remains committed to safeguarding the country’s energy security and broader economic stability.