Business and consumers are feeling the knock-on effects of rising global fuel prices, and now Transnet Port Terminals has announced a new container handling surcharge from next month.

Reports indicate the fuel-linked charge will start at R52 per container, but there are warnings it could rise sharply – even tripling – if diesel prices continue their upward trend.

ALSO READ: Massive fuel price increases announced

The move comes as global oil prices surge amid the ongoing conflict in the Middle East, which has disrupted energy supply chains and created uncertainty in international markets.

Diesel, used to power port equipment, has become significantly more expensive, placing pressure on operational costs at South Africa’s ports.

Transnet says the surcharge is necessary to offset these rising expenses, particularly as many port operations rely heavily on diesel-powered machinery.

ALSO READ: No relief at the fuel pumps yet, hoarding warning remains in effect

While the surcharge will initially be applied at port level, it’s unlikely to stop there.

Shipping companies are expected to pass the additional costs onto exporters, importers and logistics providers with consumers ultimately feeling the pinch.

Global institutions, including the International Monetary Fund, have warned that conflicts in major oil-producing regions will drive inflation, slow economic growth and disproportionately affect developing economies like South Africa.

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