# Minister Gwede Mantashe announces adjustment of fuel prices effective from 4 November 2026

> 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.

- Date: 2026-11-03 · published 2026-11-04T00:14:21.835Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/78628-minister-gwede-mantashe-announces-adjustment-of-fuel-prices-effective-from-4
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

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.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-12-23 | [Freight boom fuels shipping and oil prices](https://feedsoft.ai/events/49840-freight-boom-fuels-shipping-and-oil-prices.md) | +2.1% | +11.8% |
| BRENT | 2020-11-27 | [Diesel markets closing out a strong November - FreightWaves](https://feedsoft.ai/events/50321-diesel-markets-closing-out-a-strong-november-freightwaves.md) | +2.3% | +7.7% |
| BRENT | 2020-06-22 | [Crude palm oil price movement revolves around petroleum market, says plantation expert \| Malay Mail](https://feedsoft.ai/events/52728-crude-palm-oil-price-movement-revolves-around-petroleum-market-says-plantation.md) | -3.0% | +2.5% |
| BRENT | 2021-02-01 | [Analysis: Global fuel prices jump as Asia, U.S. to rev up demand in 2Q](https://feedsoft.ai/events/48814-analysis-global-fuel-prices-jump-as-asia-u-s-to-rev-up-demand-in-2q.md) | +6.9% | +18.8% |
| BRENT | 2026-03-06 | [Palm oil prices rise 4% as higher energy costs lift biofuel spread margins \| S&P Global](https://feedsoft.ai/events/20269-palm-oil-prices-rise-4-as-higher-energy-costs-lift-biofuel-spread-margins-s-and.md) | +16.6% | +35.6% |
| DIESEL | 2026-10-28 | [Diesel prices may stay elevated into spring 2027, fuel executives warn  - FreightWaves](https://feedsoft.ai/events/273-diesel-prices-may-stay-elevated-into-spring-2027-fuel-executives-warn.md) | -4.2% | — |
| DIESEL | 2023-11-30 | [Canadian Dollar rallies into the green on Thursday despite mixed Canadian GDP results: Analytics and Market news from 30 November 2023 16:12](https://feedsoft.ai/events/33405-canadian-dollar-rallies-into-the-green-on-thursday-despite-mixed-canadian-gdp.md) | -10.9% | -12.3% |
| DIESEL | 2020-12-23 | [Freight boom fuels shipping and oil prices](https://feedsoft.ai/events/49840-freight-boom-fuels-shipping-and-oil-prices.md) | +1.5% | +7.6% |

## Sources

- gov.za: https://www.gov.za/news/media-statements/minister-gwede-mantashe-announces-adjustment-fuel-prices-effective-4-0

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.