South Africa raises petrol by R3.12–R3.33/l (95 petrol above R30) effective 7 Oct 2026

On 7 October 2026 South Africa implemented an official fuel-price adjustment: petrol 93 +312 c/l and petrol 95 +333 c/l, with diesel up ~284–324 c/l — raising inland 95 petrol above R30/l and reflecting the Department of Mineral and Petroleum Resources’ October 2026 schedule.

The shock directly raises consumer energy costs and is likely to add to near‑term headline inflation and upside risk to nominal government yields, particularly at the belly and long end. Higher fuel costs also raise operating costs for freight‑dependent corporates, widening short‑term funding premia and exerting downside pressure on the rand versus commodity‑exporter currencies, conditional on broader market moves.

South African Reserve Bank MPC statement and the next Statistics South Africa monthly CPI print for signs of pass‑through and policy response.