South Africa Has Unused Fuel Reserves

Gustav Muller argues South Africa’s Central Energy Fund and Strategic Fuel Fund are underutilizing existing fuel storage. The country faces rising fuel prices due to global tensions impacting supply routes.

South Africa currently holds about 8 million barrels of crude oil, despite having storage for 15.5 million barrels at Saldanha Bay. This unused capacity stems from caution following a discounted sale of 10 million barrels in 2016.

Muller notes four additional tanks at Saldanha Bay, capable of holding 30 million barrels, remain empty. He suggests leveraging South Africa’s location to attract international partners for storage, given its position on global trade routes. Consumers already reduced fuel use by roughly 35% in April 2026 due to price increases.

The author believes filling reserves and expanding infrastructure is essential, but acknowledges challenges remain in securing international partnerships and adapting to future disruptions. Work continues to build a more resilient energy system.