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South Africa's Minister of Mineral and Petroleum Resources announced a monthly fuel price adjustment effective 4 November 2026. The average Brent crude price rose from $101 to $108 per barrel over the review period, and international petrol, diesel and illuminating paraffin prices also increased.
Higher Brent and tight middle-distillate supply ahead of the Northern Hemisphere winter raise diesel and freight costs for feed mills and farm logistics, pushing up input costs across the feed chain.
gov.zaNov 3, 2026After 320 past bullish macro events, BRENT moved a median +0.8% over 5 sessions (58% higher; middle half -2.8% to +3.8%), and +1.3% over 20.
After 102 past bullish macro events, DIESEL moved a median -0.3% over 5 sessions (46% higher; middle half -3.8% to +1.8%), and +1.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
