No immediate fuel shortage, but price hikes likely - government

The Department of Mineral and Petroleum Resources and the Fuels Industry Association reassure the public that fuel supply remains stable in the immediate term.

This follows concerns about how accessible the Strait of Hormuz is during the ongoing conflict in the Middle East.

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Avhapfani Tshifularo, Executive Director at the Fuels Industry Association of South Africa, explained that while South Africa imports a majority of its demand, there are adequate reserves to meet demand until the end of April.  

"Roughly seventy percent of our demand is met by imports, which makes us vulnerable to global market fluctuations and supply chain disruptions… [But] our logistics system is functioning normally, and we have sufficient supplies to meet demand.”

Jacob Mbele, Director General at the Department of Mineral and Petroleum Resources, confirmed that there is no immediate shortage risk, despite the ongoing conflict, but prices are expected to rise.

Mbele advised people not to panic or stockpile, as it could lead to logistical issues and shortages.

"We're not anticipating any problems, but we do recognize that the situation is fluid. Things can change overnight.

 "We're not ruling out any options, and we're working closely with industry to prepare for different scenarios.”

To listen to Tshifularo and Mbele in conversation with 702’s Clement Manyathela, click the audio player below: