JOHANNESBURG / NAIROBI / LAGOS | April 2, 2026 | Breaking News
South Africa applied its April fuel price hike this week, raising petrol by R3.06 per litre and diesel by up to R7.51 per litre. The government cut a temporary R3 per litre levy to ease the impact, but economists warn the relief is short-lived if the Strait of Hormuz stays closed.
In Kenya, Ghana, and Nigeria, reports show severe shortages and long queues at gas stations, as local distributors struggle to secure enough supply at affordable prices.
Brent crude briefly rose above $107 per barrel earlier this week before easing on hopes of a diplomatic deal. Prices rebounded after Trump’s address failed to give a clear timeline for reopening the Strait. The warned that global oil supplies will be hit harder in April, with jet fuel and diesel shortages threatening aviation and road transport worldwide
Regional leaders and finance ministers are holding emergency talks on joint energy plans. African nations face pressure to diversify, boost local refining, and strengthen Gulf and North Sea ties. South Africa’s Coca-Cola pledged R17.6 billion through 2030, but the short-term energy crunch threatens recent economic gains
