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Fuel prices to hit new highs in May

Theherald · · 366 words · By Denis Droppa
open_in_new Read the original article: https://www.theherald.co.za/news/2026-05-04-fuel-prices-to-hit-new-highs-in-may/

fact_checkFact-Check Results

14 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 6
schedule Pending 4
check_circle Corroborated 2
help Insufficient Evidence 2
info
“Fuel prices in May hit new highs for the second month in a row”
SINGLE SOURCE
The provided web search results do not contain specific data regarding fuel price trends for May that confirm a second consecutive month of new highs. One result mentions 'no fuel price hike' and others refer to 2025 or 2026 without confirming the specific trend mentioned in the claim.
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web search NEUTRAL — No fuel price hike. Top News. Reuters.Fuel prices may rise after April 29, says Rahul Gandhi; govt denies any hike plan amid polls.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
travel_explore
web search NEUTRAL — Gasoline and diesel fuel prices released weekly.Download image. What we pay for in a gallon of: Regular Gasoline January 2026 Retail price: $2.81/gallon Diesel January 2026 Retail price: $3.52/gallon.…
https://www.eia.gov/petroleum/gasdiesel/
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web search NEUTRAL — Estimated price of petrol and diesel fuel in Europe at the middle of May 2025. Information is updated twice a month and should be used for reference only.
https://autotraveler.ru/en/spravka/fuel-price-in-europe.html
info
“On Wednesday the retail price of both petrol grades will rise by R3.27 a litre”
SINGLE SOURCE
The evidence provided does not mention a specific increase of R3.27 per litre for both petrol grades on a Wednesday. One source mentions an increase of R2.27 and R2.19 for April, and another mentions a R1.00 increase in March 2026, but none match the claim's specific figure.
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web search NEUTRAL — Friday, 27 March 2026: increase by an additional R1.00 per litre. According to Netwerk24, a TotalEnergies station in Bloemfontein has already raised its price by R8 per litre on Wednesday morning.
https://mybroadband.co.za/news/motoring/636238-major-fuel-st…
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web search NEUTRAL — Below are the current petrol prices per litre in the UAE as of 1st May 2026, compared to April 2026. Fuel Type. Price Per Litre in April 2026.
https://www.propertyfinder.ae/blog/petrol-price-uae/
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web search NEUTRAL — Should current market conditions persist and these increases be realised, the hikes would see fuel prices once again pushed to record highs. The mid-month changes are as follows: Petrol 95: increase o…
https://businesstech.co.za/news/energy/568084/here-is-the-ex…
info
“the wholesale price of diesel will go up by R6.19/l”
SINGLE SOURCE
The search results for this claim are irrelevant, discussing general wholesaling in real estate and business rather than diesel fuel prices.
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web search NEUTRAL — Aug 9, 2020 · WHAT IS THE AVERAGE PROFIT ON A WHOLESALE DEAL? The average profit on a wholesale deal is $10,000. This will vary greatly depending on how good you are at negotiating, how accurate your …
https://www.biggerpockets.com/forums/12/topics/862964-wholes…
travel_explore
web search NEUTRAL — Mar 21, 2025 · Good or Bad? My partner is fascinated with the platform Hold My Hand Wholesale and Buy Box Cartel. I am not sold that it is as easy as claims and just another young social media guru ta…
https://www.biggerpockets.com/forums/93/topics/1196853-thoug…
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web search NEUTRAL — Wholesale real estate is one of the best ways to get into real estate investing without ever having to buy or sell a property.
https://www.biggerpockets.com/blog/wholesaling-strategy
info
“Illuminating paraffin goes up by R4.22/l”
SINGLE SOURCE
The evidence mentions various paraffin price changes (R11.67, 47 cents, 5 cents), but none of the sources confirm an increase of exactly R4.22 per litre.
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web search NEUTRAL — The price of illuminating paraffin has jumped by R11.67 per litre from April 1, hitting poor households the hardest. Image: PEXELS.
https://iol.co.za/news/energy/2026-04-01-lights-out-for-the-…
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web search NEUTRAL — The wholesale price of illuminating paraffin will also increase by 47 cents.The GFL now accounts for R3.77 per litre of petrol and R3.63 per litre of diesel, whereas the RAF levy makes up R2.07 per li…
https://mybroadband.co.za/news/motoring/388132-big-petrol-an…
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web search NEUTRAL — The price of illuminating paraffin (wholesale) will increase by 5 cents per litre, while that of illuminating paraffin (SMNRP) go up by 7 cents a litre.In December, the price of fuel rose by 22 cents …
https://www.sanews.gov.za/south-africa/petrol-price-come-dow…
info
“The price of Brent Crude was more than $100 on May 4”
SINGLE SOURCE
While Brent Crude prices are discussed, the provided evidence does not specify the exact price for May 4 to confirm it was over $100.
travel_explore
web search NEUTRAL — Gain instant access to the live Brent Crude Oil price, key market metrics, trading details, and intricate Brent Crude Oil futures contract specifications.Investing.com. May 01, 2026. Why hasn’t the pr…
https://www.investing.com/commodities/brent-oil
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web search NEUTRAL — View live CFDs on Brent Crude Oil chart to track latest price changes. Trade ideas, forecasts, and market news are at your disposal as well.
https://www.tradingview.com/symbols/UKOIL/
travel_explore
web search NEUTRAL — Historically, Brent crude oil reached an all time high of 147.50 in July of 2008. Brent crude oil - data, forecasts, historical chart - was last updated on April 27 of 2026.
https://tradingeconomics.com/commodity/brent-crude-oil
info
“The average rand/US dollar exchange rate for the period March 27 to April 29 was 16.6467 compared to 16.6429 during the previous period”
SINGLE SOURCE
The search results provide general exchange rate data (e.g., 17.183 or 16.52045), but do not provide the specific average rates for the periods March 27 to April 29 and the preceding period as stated in the claim.
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web search NEUTRAL — USD USD - US Dollar. 1.00 ZAR = 0.06044127 USD. Mid-market rate at 19:27 UTC. We use the mid-market rate for our Converter. This is for informational purposes only.Over the last 7 days, ZAR to USD mov…
https://www.xe.com/currencyconverter/convert/?Amount=1&From=…
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web search NEUTRAL — The average exchange rate over this period was 17.183 South African Rands per US Dollar.The USD/ZAR rate is down -11.53%. This means the US Dollar has decreased in value compared to the South African …
https://www.exchange-rates.org/converter/usd-zar
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web search NEUTRAL — The current rate of USDZAR is 16.52045 ZAR — it has increased by 0.07% in the past 24 hours. See more of USDZAR rate dynamics on the detailed chart.
https://www.tradingview.com/symbols/USDZAR/
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“the minister of finance... approved a R3 per litre reduction in the general fuel levy for petrol to be extended until June 2”
CORROBORATED
Multiple independent sources (Sowetan, SAnews, and other government/news reports) confirm that the Minister of Finance proposed/approved the extension of the R3 per litre reduction in the general fuel levy for petrol until June 2, 2026.
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web search NEUTRAL — The Minister of Finance proposes that the R3 per litre reduction in the general fuel levy for petrol is extended until Tuesday 2 June 2026. Given the large expected increases in the price of diesel, t…
https://www.sanews.gov.za/south-africa/fuel-levy-relief-exte…
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web search NEUTRAL — The government will extend its R3 reduction on the general fuel levy for petrol by another month and effectively pause the levy on diesel to cushion consumers from steep fuel price increases. Finance …
https://www.businessday.co.za/economy/2026-04-28-govt-extend…
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web search NEUTRAL — The Minister of Finance proposes that the R3 per litre reduction in the general fuel levy for petrol is extended until Tuesday 2 June 2026. Given the large expected increases in the price of diesel, t…
https://www.treasury.gov.za/comm_media/press/2026/2026042801…
+ 1 more evidence source
check_circle
“The temporary relief for diesel is increased by 93c to R3.93 per litre”
CORROBORATED
Two independent sources (SAnews and a government report) explicitly state that the temporary relief for diesel was increased by 93 cents to R3.93 per litre.
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web search NEUTRAL — Trading Academy. Energy. Fuel Relief Temporary as Diesel, Rand, Export Strains.same time that logistics capacity remains constrained. The government has temporarily reduced the general fuel levy by R3…
https://www.ebc.com/forex/fuel-relief-temporary-as-diesel-ra…
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web search NEUTRAL — Given the large expected increases in the price of diesel, the Minister of Finance proposes that the temporary relief for diesel is increased by 93 cents to R3.93 per litre, reducing the levy to zero,…
https://www.sanews.gov.za/south-africa/fuel-levy-relief-exte…
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web search NEUTRAL — Given the large expected increases in the price of diesel, the minister of finance proposes that the temporary relief for diesel be increased by 93 cents to R3.93 per litre, reducing the levy to zero,…
https://www.theherald.co.za/news/2026-04-28-govt-extends-fue…
help
“motorists in Gauteng will pay R26.63 for a litre of 95 unleaded petrol and drivers at the coast will pay R25.76”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results to verify the specific prices for Gauteng and the coast.
help
“April’s fuel price increases saw motorists buying 35% less fuel than March, according to data from Discovery Insure”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results regarding Discovery Insure data or a 35% decrease in fuel purchases.
schedule
“fuel price increase on April 1, which saw petrol climb by R3.06 per litre and diesel by as much as R7.51”
PENDING
schedule
“fuel transactions dropped by 28% over the same period”
PENDING
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“Trips taken were down 10%, and the total distance travelled dropped by 9%”
PENDING
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“Even when removing the Easter weekend (April 3 to 6) from the data, trips and distance travelled were down by 8%”
PENDING
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.