South Africa’s Minister of Mineral and Petroleum Resources, Gwede Mantashe, has moved to calm public concerns over potential fuel shortages, stating that cargo destined for the country continues to pass through the Strait of Hormuz without disruption.
His remarks come amid heightened global anxiety following escalating conflict in the Middle East, which has raised fears of supply interruptions and sharp increases in fuel prices.
supply remains stable despite global tensions
Speaking in the National Assembly, Mantashe emphasised that South Africa’s current fuel supply arrangements remain resilient, despite geopolitical risks affecting key shipping routes.
He noted that vessels transporting fuel and other supplies to South Africa are still able to navigate the Strait of Hormuz, a critical global oil transit corridor, without interference.
According to the minister, Iran has indicated that cargo bound for countries not aligned with the United States and Israel can continue to pass through the strait, subject to certain conditions.
Mantashe stressed that there was no immediate threat to South Africa’s fuel supply, urging citizens not to panic as concerns over shortages grow.
price pressures and local concerns intensify
While supply remains stable, the minister acknowledged that South Africa has limited control over global oil price movements. With petrol price adjustments expected in early April, consumers are bracing for significant increases.
Data from the Central Energy Fund shows substantial under-recoveries in March, indicating that fuel prices are likely to rise sharply in the coming weeks.
Reports from parts of the country, particularly in the Cape Peninsula, suggest that diesel shortages and delayed deliveries are already affecting local markets. The agricultural sector has expressed concern over the timing, as increased fuel and input costs could impact production.
Mantashe also issued a stern warning to fuel retailers, stating that withholding fuel to benefit from anticipated price hikes is illegal. He said authorities would investigate any signs of supply manipulation and prosecute those found guilty.
The minister further argued that South Africa’s long-term solution lies in developing its own petroleum resources, reducing reliance on imports that leave the country vulnerable to external shocks.
As global energy markets remain volatile, the situation highlights the delicate balance between supply security and price stability in South Africa’s fuel sector.
Source: citizen
