South Africa is preparing for a sharp increase in October fuel prices as Middle East conflicts push global oil prices higher. Brent crude is nearing $97 to $100 per barrel, raising concerns about supply disruptions and potentially lifting 95-octane petrol above R29 per litre, which would set new regional records. Fuel prices are adjusted monthly using assessments by the Central Energy Fund (South Africa’s fuel-pricing body). Market developments are described as supporting a YES outcome on crude oil reaching new highs, while prediction-market pricing indicates a higher likelihood of an all-time high by the end of 2026. Observers are watching statements from key energy figures, including OPEC Secretary General Mohammad Sanusi Barkindo, as well as any escalation in Middle East conflicts and the Central Energy Fund’s upcoming adjustments. The source also promotes live prediction-market analysis from Vera.