By Levy Masiteng
South Africa is not facing an immediate fuel shortage despite rising global oil prices, but motorists should brace for higher pump prices from April, Mineral and Petroleum Resources Minister Gwede Mantashe has said.
“While prolonged geopolitical tensions may exert pressure on international oil prices, the Department wishes to assure the public that there is currently no immediate risk of fuel shortages in South Africa,” Mantashe said in a statement on Tuesday night.
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The statement comes as the war in the Middle East involving the United States, Israel and Iran rattled global energy markets and stoked fears of supply disruptions.
The conflict has disrupted key energy routes, particularly the Strait of Hormuz, through which about 20% of the world’s oil supply passes, pushing up prices and increasing volatility in global oil markets.
Military strikes on energy infrastructure and attacks on
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