{"id":26182,"date":"2026-03-02T13:44:14","date_gmt":"2026-03-02T13:44:14","guid":{"rendered":"https:\/\/microvibenews.com\/?p=26182"},"modified":"2026-03-02T13:44:14","modified_gmt":"2026-03-02T13:44:14","slug":"fuel-price-hike-for-march-but-worse-could-be-on-the-cards","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=26182","title":{"rendered":"Fuel price hike for March but worse could be on the cards"},"content":{"rendered":"<p><\/p>\n<div id=\"textFreeArticle\">\n<p>Fuel prices will come off recent lows with hikes set to take effect on 04 March when the Department of Mineral and Petroleum Resources (DMR) makes its usual adjustments on the first Wednesday of the month.<\/p>\n<p>The latest changes will see South African consumers pay more across the board, including an increase of 20 cents for a litre of both grades of petrol. The wholesale price of diesel will go up by between 62 and 65 cents per litre, while illuminating paraffin will cost 44 cents more per litre.<\/p>\n<p>Read: Oil spikes as Middle East war all but halts Hormuz ship strait<\/p>\n<p>The March adjustments will break consecutive fuel price drops seen in recent months, when the relief brought petrol down to a four-year low.<\/p>\n<div class=\"visible-sm-block visible-xs-block m1010\">\n<div class=\"ad-container-wrapper\">\n<p>ADVERTISEMENT<\/p>\n<p>CONTINUE READING BELOW<\/p>\n<\/div>\n<\/div>\n<p>\u201cThe rand appreciated against the US dollar during the period under review, on average, when compared to the previous period,\u201d DMR spokesperson Robert Maake said on Monday, however, oil prices have been trading higher.<\/p>\n<blockquote>\n<p>Despite a slightly stronger local currency, external risk factors persisted amid tensions in Venezuela during a regime change triggered by US President Donald Trump.<\/p>\n<\/blockquote>\n<p>Geopolitical tensions have only worsened since the US and Israel jointly struck Iran on Saturday \u2013 a move that saw the Strait of Hormuz being closed. The passage in the Middle East handles at least 20% of global oil supply.<\/p>\n<div class=\"visible-sm-block visible-xs-block m1010\">\n<div class=\"ad-container-wrapper\">\n<p>ADVERTISEMENT:<\/p>\n<p>CONTINUE READING BELOW<\/p>\n<\/div>\n<\/div>\n<p>The hostilities have seen the oil price spike, signalling more price trouble for South African consumers who must also still brace for the impact of an increase in the general fuel levy and the Road Accident Fund levy, set for April, announced last week in SA\u2019s 2026 Budget.<\/p>\n<p>On Monday, oil prices jumped to just below the key $80-a-barrel mark, before softening a little.<\/p>\n<p>Read\/ listen:<br \/>Economists gauge hit from Mideast war as China seen among losers<br \/>Iran airstrikes mark the biggest Trump gamble<br \/>Iran strike: The risks that outlast the missiles<\/p>\n<p><em>Follow Moneyweb\u2019s in-depth finance and business news on WhatsApp here.<\/em><\/p>\n<\/p><\/div>\n<p><script data-cfasync=\"false\">\n            !function(f,b,e,v,n,t,s)\n            {if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n                n.callMethod.apply(n,arguments):n.queue.push(arguments)};\n                if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\n                n.queue=[];t=b.createElement(e);t.async=!0;\n                t.src=v;s=b.getElementsByTagName(e)[0];\n                s.parentNode.insertBefore(t,s)}(window, document,'script',\n                'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n            fbq('init', '779812924991616');\n            fbq('track', 'PageView');\n        <\/script>#Fuel #price #hike #March #worse #cards<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fuel prices will come off rece&hellip; <\/p>\n","protected":false},"author":1,"featured_media":26183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[7822,5277,6814,5535,100,131],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/26182"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26182"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/26182\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/26183"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}